Sir or ma'am can you explain this question please? Step by step please. This is of accountancy.

Dear Student 
Books of Ravi
Date   Particulars   L.F. Debitt Credit 
Feb.13 Sudershan Dr.   40,000  
    To Sales A/c       40,000
  (Goods sold to Sudershan)        
Feb.13 Bills Receivable A/c Dr.   40,000  
    To Sudershan       40,000
  (Four bills from Sudershan received: the first for Rs
 5,000, the second bill for Rs 10,000, the third bill for
Rs 12,000 and the fourth bill for Rs 13)
Feb.13 Bank A/c Dr.   4,975  
  Discount A/c Dr.   25  
    To Bills Receivable A/c       5,000
  (The first bill discounted with bank at 6% p.a.)        
Feb.13 Mustaq Dr.   10,200  
    To Bills Receivable A/c       10,000
    To Discount Received A/c       200
  (The second bill endorsed to Mustaq in full settlement
of amount due to him)
Mar.03 Bill Sent for Collection A/c Dr.   13,000  
    To Bills Receivable A/c       13,000
  (The fourth bill sent to bank for collection)        
Mar.07 Sudershan Dr.   13,000  
    To Bill Sent for Collection A/c       13,000
  (The fourth bill dishonored on due date)        
Mar.07 Sudershan Dr.   81  
    To Interest A/c       81
  (Interest due on the fourth bill Rs 13,000 for 19
days at 12% p.a,)
Mar.10 Cash A/c Dr.   13,081  
    To Sudershan       13,081
  (Cash received from Sudershan)      
Mar.16 Sudershan Dr.   5,000  
    To Bank A/c       5,000
  (The first bill dishonored)      
Mar.16 Sudershan Dr.   50  
    To Interest A/c       50
  (Interest due on amount Rs 5,000 at 12%
for one month)
Mar.19 Cash A/c Dr.   5,050  
    To Sudershan A/c       5,050
  (Sudershan paid the amount due on account
 dishonored of the first bill plus interest)
Mar.28 Sudershan Dr.   10,000  
  Discount Received A/c Dr.   200  
    To Mustaq       10,200
  (The second bill dishonoured, which had endorsed
 in favor of Mustaq)
Mar.28 Sudershan Dr.   132  
    To Interest A/c       132
  (Interest charged at 12% on the amount due on account
of dishonour of the second bill Rs 10,000)
Apr.01 Cash A/c Dr.   10,132  
    To Sudershan A/c       10,132
  (Received cash from Sudershan for the second bill
along with interest)
May16 Sudershan Dr.   12,000  
    To Bills Receivable A/c       12,000
  (The third bill dishonoured on due date)        
May16 Sudershan Dr.   360  
    To Interest A/c       360
  (Interest at 12% for 3 months charged on the amount due
on account of dishounor the third bill Rs 12,000)
May19 Cash A/c Dr.   12,360  
    To Sudershan       12,360
  (Cash received from Sudershan for the third bill along with interest 12% p.a.)      

As the question is lengthy part of the answer has been provided.
For rest of the answer please post the same query in different thread.


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