Sr. No. | Particulars | JF | Debit | Credit |

1. | Sadhashiv's A/c ... Dr. | 2150 | ||

To Ayub's A/c | 2150 | |||

[Being the Endorsed bill is dishonoured along with noting charges. | ||||

2. | Pankaj's A/c ... Dr. | 1200 | ||

To Bill's Receivable A/c | 1200 | |||

[Being the Bill is dishonoured] | ||||

3. | Cash A/c .... Dr. | 400 | ||

To Pankaj's A/c | 400 | |||

[Being the Part payment is made] | ||||

4. | Pankaj's A/c ... Dr. | 24 | ||

To Interest A/c | 24 | |||

[Being the interest is charged on Balance Amount] | ||||

5. | Bills Receivable A/c ...Dr. | 824 | ||

Pankaj's A/c | 824 | |||

[Being the new bill is drawn along with interest] | ||||

6. | Cash/ Bank A/c ..... Dr. | 5940 | ||

Rebate A/c ... Dr. | 60 | |||

To Bills Receivable A/c | 6000 | |||

[Being the Bill is retired one month before] | ||||

7. | Kasam's A/c ....... Dr. | 2200 | ||

To Bank A/c | 2200 | |||

[Being the discounted bill is dishonoured along with noting charges] |

## Advertisement

### Journalize the following transactions in the books of Maharaja.

· Ayub informs Maharaja that Sadashiv’s acceptance for Rs. 2,000 endorsed to Ayub has been dishonoured, noting charges amounted to Rs. 150

· Pankaj renews his acceptance to Maharaja for Rs. 1200 by paying Rs. 400 in cash and accepting a fresh bill for the balance plus interest at 12% p.a. for 3 months.

· Vaibhav’s acceptance to Maharaja for Rs. 6000 retired one month before the due date at a discount of 12%p.a.

· Bank informs Maharaja as to the dishonour of Kasam’s acceptance for Rs. 2000 to Maharaja discounted with Bank noting charges Rs. 200.