In the books of Sheila (Drawer)

H077 Journal Entries

Date Particulars L.F.
01/04 Cash A/c
Bills Receivable A/c
To Bijal's A/c
(Being bearer cheque received along with bills receivable )
Bank A/c
Discounting Charges A/c
To Bills Receivable A/c
(Being BOE discounted with the bank)

Total
(Drawer) In the books of Bijal (Dra
H077 Journal Entries
Debit (₹) Credit (₹) Date Particulars
30,000 01/04 Sheila's A/c
60,000 To Bank A/c
90,000 To Bills Payable A/c
(Being bearer cheque payed)
59,400
600 NO ENTRY
60,000

Bills Payable A/c

To Cash A/c
(Being BOE honoured)

150,000 150,000 Total

books of Bijal (Drawee)
Journal Entries
L.F. Debit (₹) Credit (₹)
90,000
30,000
60,000

60,000
60,000

150,000 150,000
 In the Books of Sheila (Drawer)
Dr. Bijal's Account
Date Particulars J.F. Amount (₹) Date Particulars
01/04 To Balance b/d 90,000 By Cash A/c
By Bills Receivable A/c

90,000
 Cr.
J.F. Amount (₹)
30,000
60,000

90,000
 In the Books of Bijal (Drawee)
Dr. Sheila's Account
Date Particulars J.F. Amount (₹) Date Particulars J.F.
To Bank A/c 30,000 By Balance b/d
To Bills Payable A/c 60,000

90,000
 Cr.
Amount (₹)
90,000

90,000
 In the Books of Sheila (Drawer)
Dr. Bilss Receivable Account
Date Particulars J.F. Amount (₹) Date Particulars J.F.
01/04 To Bijal's A/c 60,000 By Bank A/c
By Discounting Charges A/c

60,000
 Cr.
Amount (₹)
59,400
600

60,000
 In the Books of Bijal (Drawee)
Dr. Bills Payable Account
Date Particulars J.F. Amount (₹) Date Particulars J.F.
01/04 To Cash A/c 60,000 By Sheila's A/c

60,000
 Cr.
Amount (₹)
60,000

60,000