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Dear Student,
 
Journal in the books of B
Date Particulars L.F. Debit
Amount
(Rs)		 Credit
Amount
(Rs)
 1.3.13 Bills Receivables A/c Dr.   10,000  
    To A's A/c       10,000
  (Bill accepted by A )        
           
 1.3.13  C's A/c Dr   10,000  
    To Bills Receivables A/c       10,000
  (Being Bill endorsed to C)        
           
 4.6.13 A's A/c Dr.   10,000  
    To C's A/c       10,000
  (A failed to honour the Bill)        
           
 
Journal in the books of A
Date Particulars L.F. Debit
Amount
(Rs)		 Credit
Amount
(Rs)
 1.3.13 B's A/c Dr.   10,000  
    To Bills payables A/c       10,000
  (Bill accepted & returned to B )        
           
 4.6.13  Bills payables A/c Dr   10,000  
    To B's A/c       10,000
  (Failed to honour the bill on due date)        
           
 
Journal in the books of C
Date Particulars L.F. Debit
Amount
(Rs)		 Credit
Amount
(Rs)
 1.3.13 Bills Receivables A/c Dr.   10,000  
    To B's A/c       10,000
  (Bill received from B )        
           
 3.3.13  Bank A/c Dr   9,600  
   Discount A/c       400  
    To Bills Receivables A/c       10,000
  (Being Bill discounted with Bank)        
           
 4.6.13 B's A/c Dr.   10,000  
    To Bank A/c        10,000
  (A failed to honour the Bill & therefore amount paid to Bank)        
           

Regards,

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