How to write the following in double column cash book :-

Honoured our own acceptance by cheque.

Drawer’s A/c

Dr.

 

 

 

To Bills Payable A/c

 

 

 

 

(Being acceptance of bill given by us)

 

 

 

 

 

 

 

 

 

Bills Payable A/c

Dr.

 

 

 

To Bank A/c

 

 

 

 

(Being acceptance honoured through bank)

 

 

 

 

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bank (dr.)

to cash

(being acceptance accepted .)

it will be contra entry

in which cash is being accepted through cheque so bank will be debited n cash will be credited

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