Q.Prepare the Bills Receivable Book from the following, and show the ledger posting:
2026 Jan 5 — Received a bill from Girish, a debtor, dated Jan 1, for ₹6,000, tenure 2 months.
2026 Jan 20 — Received a bill from Harish, a debtor, dated Jan 15, for ₹9,000, tenure 3 months.

This question checks both the recording format of the Bills Receivable Book and your ability to compute a bill's due date correctly, including the 3 days of grace.

Working (due dates): Girish's bill — Jan 1 + 2 months = Mar 1; + 3 days' grace = Mar 4. Harish's bill — Jan 15 + 3 months = Apr 15; + 3 days' grace = Apr 18.

Bills Receivable Book

Compute the due date in two steps every time: (1) add the stated TERM to the date of the bill, (2) add 3 days of grace to that result — never skip the gr …

Students frequently forget the 3 days of grace altogether, or add them before adding the term instead of after — always add the te …