Date

Particulars

L.F.

Debit (Rs.)

Credit (Rs.)

(1)

Manali’s A/c ....... Dr.

40000
 
To Sales A/c

40000
 
[Being the goods are sole]
 
(2)

Bills Receivable A/c .... Dr.

40000
 
To Manali’s A/c

40000
 
[Being the bill is drawn ]
 
(3)

Bank A/c .... Dr.

38800
 
Discount A/c ..... Dr

1200
 
To Bills Receivable A/c

40000
 
[Being the bill is discounted]
 
(4)

Manali’s A/c .... Dr.

40300
 
To Bank A/c

40300
 
[Being the bill is dishonoured and noting charges charged]
 
(5)

Manali’s A/c .... Dr.

750
 
To Interest A/c

750
 
[Being the interest is charged]
 
(6)

Cash A/c ..... Dr.

20300
 
To Manali’s A/c

20300
 
[Being the part payment is made along with Noting charges]
 
(7)

Bills Receivable A/c .... Dr.

20750
 
To Manali’s A/c

20750
 
[Being the new bill is drawn along with interest]
 
(8)

Manali’s A/c .... Dr.

20750
 
To Bills Receivable A/c

20750
 
[Being the bill is dishonoured]
 
(9)

Cash A/c ... Dr.

8300
 
Bad debts A/c .... Dr.

12450
 
To Manali’s A/c

20750
 
[Being the drawee become insolvent and only 40 % of the amount could be recovered from her private estate. ]

JEE MAIN 2020 BEST TIPS FOR ATTEMPTING PAPER
HOME 2019 BOARD PAPER SOLUTION TIPS TO STUDY SMART GRAMMAR & WRITING SKILLS
CBSE Sample Papers 2020 ICSE BOARD ISC BOARD CBSE Class 12 all Subjects 20192020 CBSE SAMPLE PAPERS – 20192020 HOMI BHABHA JEE MAIN 2019 NEET  2019 PRIVACY DISCLAIMER
HSC MAHARASHTRA: ENGLISH ACCOUNTS OCM ECONOMICS SP BOARD PAPERS HSC MATHS PHYSICS CHEMISTRY BIOLOGY PDF PAPER SOLUTION IMPORTANT FORMULA SHEET(PDF)
SSC MAHARASHTRA: ENGLISH SCIENCE PART 1 SCIENCE PART 2 MATHS I MATHS II HISTORY GEOGRAPHY POLITICAL MARATHI HINDI BOARD PAPERS PDF PAPER SOLUTION
9TH MAHARASHTRA: MATHS I MATHS II SCIENCE 9TH TAMIL NADU: ENGLISH
CBSE 10TH CBSE 12TH: MATHS NCERT SOLUTION
Exam Tips and Time Management TN HALF YEARLY TIMETABLE 10, 11, 12 11th Half Yearly Papers Download
TAMILNADU 10TH TIME TABLE 2020 (EXAM POSTPONED) TAMILNADU 10TH STUDY MATERIALS HALF YEARLY PAPERS Lesson Plan / Notes of Lesson QUARTERLY EXAM TAMIL MATHS, ENGLISH, SCIENCE, SOCIAL TEXTBOOK PDF Latest 10th Study Materials TNPSC
TAMIL NADU: 12th HALF YEARLY 12th QUARTERLY EXAM 12TH CENTUM 2020 QUESTION PAPERS
Sold spelling is wrong
ReplyDeleteInterest is calculated on which amount??
ReplyDelete20,000
Delete2nd narration is also wrong it is acceptance received
Delete1200 discount kaise aya
ReplyDelete40000×12/100×4/12 ??
I know right kaise
DeleteCan u tell that
Delete1600 aata ha .
DeleteYe wrong record ha
B cause statement ki 2 line read kro (after a month ) matalab 4 month la discount nhi hoga 3 month la hoga
DeleteIt's 40000×12/100×3/12 = 1200
DeleteYou all are counting interest for 4 months but in question it is given that after one month he discounted bill means we have to calculate interest for 3 months which is 1200
Delete20000 will be multiplied by 15/100 i.e 3000.
Deleteand 3000 will be multiplied by 3/12 i.e 750
3 month hai
Delete40000×12÷100=4800 it is for 12 months and we have to calculate for 4 months so 4800÷4=1200
DeleteHow calculate interest ?
ReplyDelete20300×15%×3months =761.25
Apka 750 kaise aya
20300 per nai 20750 per lagega intereste
Delete20750 kaha se aya ??
DeleteIs wrong
Delete20,300 par interest nikle ga
ReplyDelete20,300 kese Aya
DeleteCan you tell me that
Delete20000×15/100×3/12=750
DeleteDiscount is 1600
ReplyDeleteYou are recorded wrong ðŸ¤¬
You all are counting interest for 4 months but in question it is given that after one month he discounted bill means we have to calculate interest for 3 months which is 1200
DeleteReply
How to calculate interest on 20300
ReplyDelete20300 is not interest, 20000 is the remaining amount paid in cash and 300 is the noting charges which is supposed to pay alongwith part payment
DeleteBhai 6th entry mai remaining amount+ intrest add hua hai
DeleteToh noting charges bhi add rahega na ðŸ¤”
Arey yarr yeh 7th walla entry atta hi nahi hai dishonored hua krke mention nhi kiya toh kaise liya aapne dishonored ki entry?
ReplyDeleteBro waha pee woh manali insolvent hoo gayi haii soo woh bill dishonor hi hogaa naa
DeleteIf we have written the int entry before the part payment entry so are they gonna deduct the marks ???
ReplyDeleteIf we have written the part payment entry before the entry of interest so are they gonna deduct the marks ???
ReplyDeleteNo they won't
DeleteInsolvency mai to cash received ka bank a/c ata hai na ?
ReplyDeleteExplain 9th entry
ReplyDeleteCan I omit this chp plzzzzzz
ReplyDelete