Journal Entries
in the Books of Anil
Date

Particulars

LF

Debit (Rs.)

Credit (Rs.)

1.5.13

Bills Receivable A/c
....Dr.


4000



To Navin's A/c



4000


[Being the bill is drawn]




1.5.13

Bank A/c ....Dr.


3900



Discount A/c ....Dr.


100



To Bills Receivable A/c



4000


[Being the bill is
discounted]




1.8.13

Navin's A/c ....Dr.


4000



To Bank A/c



4000


[Being the discounted bill
is dishonoured]




1.8.13

Navin's A/c ....Dr.


45



To Interest A/c



45


[Being the interest is
charged]




1.8.13

Bank A/c ....Dr.


1000



To Navin's A/c



1000


[Being the part – payment
is made]




1.8.13

Bills Receivable A/c
....Dr.


3045



To Navin's A/c



3045


[Being the new bill is
drawn along with Interest ]




1.8.13

Bank A/c ....Dr.


3035



Rebate A/c ....Dr.


10



To Bills Receivable A/c



3045


[Being the new bill is
retired]




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