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JOURNAL ENTRIES IN THE BOOKS OF RAMESH

Journal Entries in the Books of Ramesh

JOURNAL ENTRIES IN THE BOOKS OF RAMESH

Name Page No. 7
Date Particulars LF Debit Credit
? 1. Ganesh’s A/c …. Dr. 20000
To Sales A/c 20000
[Being the goods are sold]
2. Bills Receivable A/c …. Dr. 20000
To Ganesh’s A/c 20000
[Being the bill is drawn]
3. Ganesh’s A/c …. Dr. 20000
To Bills Receivable A/c 20000
[Being the bill is dishonoured]
4. Ganesh’s A/c ….. Dr. 200
To Interest A/c 200
[Being the interest is charged]
5. Cash A/c …. Dr. 10000
To Ganesh ‘s A/c 10000
[Being the part payment is made]
6. Bills Receivable A/c …. Dr. 10200
To Ganesh’s A/c 10200
[Being the new bill is drawn along with interest]
7. Bank A/c …. Dr. 9900
Rebate A/c ….Dr. 300
To Bills receivable A/c 10200
[Being the new bill is retired]

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