Record the following transactions in Bills Receivable and Bills Payable Books alongwith postings in…
Record the following transactions in Bills Receivable and Bills Payable Books alongwith postings in the ledge accounts:
2009
Mar 1
Received from Srinivasan bill duly accepted for Rs 1,27,500 dated Feb 20, 2009 payable three months after date
Mar 7
Accepted Vasu’s draft for 77,000 at two months
Mar 10
Prabhu drew on his trader at three months date and the same was accepted for Rs 50,000
Mar 12
Drew on Rajesh at two months for Rs 90,000 and was accepted by him the next date (day)
Mar 16
Gave acceptance at three months for Rs 27,000 to Shiva
Mar 19
Received from Gopi his acceptance for Rs 1,10,000 at three months
Mar 21
Received from David, Anand’s acceptance for Rs 45,000 at two months from Mar 15
Mar 24
Kesav accepted my draft at two moths for Rs 27,500
Mar 27
Received from Satish bill for Rs 61,000 dated Mar 20, accepted by Ram and drawn by Mohan payable one month after date
Mar 30
Gave acceptance for Rs 99,000 at two months to Arora
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