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Dear Student

YOur answer is incorrect , their are errors in journal entries in the books of Prakash , Plese refer the below solutin for the same :
 
Journal in books of Prakash
Date Particulars L.F. Debit
Amount
(Rs)		 Credit
Amount
(Rs)
05-04-2013 Bill Receivable A/c Dr.   1,800  
    To Khagesh A/c       1,800
  (Being Bill accepted by Khagesh for 90 days)        
           
05-04-2013 Tarun A/c Dr.   1,900  
    To Discount Received A/c       1,00
    To Bill Receivable A/c       1,800
  (Being Bill Endorsed to Tarun in full settlement of Rs 1900)        
           
           
         
 
Journal in books of Khagesh
Date Particulars L.F. Debit
Amount
(Rs)		 Credit
Amount
(Rs)
05-04-2013 Prakash A/c Dr.   1,800  
    To Bills Payable A/c       1,800
  (Being Bill Payable Accepted)        
           
05-07-2013 Bills Payable A/c Dr.   1,800  
    To Bank A/c       1,800
  (Being Bill paid)        
           
         
 
Journal in books of Tarun
Date Particulars L.F. Debit
Amount
(Rs)		 Credit
Amount
(Rs)
05-04-2013 Bill Receivable A/c Dr.   1,800  
  Discount Given A/c Dr.   100  
    To Prakash A/c       1,900
  (Being Bill endorsed by Prakash accepted)        
           
05-07-2013 Bank A/c Dr.   1,800  
    To Bill Receivable A/c       1,800
  (Being Bill honoured)        
           
           
         


Regards

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