Practical Problem 14

                                                                                                                                  Journal Entries In the books of Sudha

Date

Particular

L.F

Amount

Amount

a

Urmila A/c………………………………………………………………………………..Dr

10,000

    To Cash A/c

3,500

    To Discount A/c

500

    To Bills Receivable A/c

6000

(Being Sonali Acceptance endorsee in favour of Urmila and

discount Received in full settlement of account))

b

Bank A/c…………………………………………………………………………………..Dr

7,670

Discount A/c…………………………………………………………………………….Dr

130

    To Bills Receivable A/c

7,800

(Being Surya Acceptance discounted with bank)

c

Anurada A/c…………………………………………………………………………….Dr

4,925

    To Bank A/c

4,925

(Being Bill discounted with bank dishonoured)

d

Bank A/c………………………………………………………………………………….Dr

16,400

    To Bank for Collection A/c

16400

(Being Bill sent to bank for collection honoured)

Total

39,125

39,125