Numerical Questions · Q19
Q.
From the following, calculate the amount of bills accepted during the year.
| Particulars | Amount (₹) |
|---|---|
| Bills payable as on April 01, 2016 | 1,80,000 |
| Bills payable as on March 31, 2017 | 2,20,000 |
| Bills payable dishonoured during the year | 28,000 |
| Bills payable honoured during the year | 50,000 |
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Start your 14-day free trial to unlock the full solution →Prepare the Total Bills Payable Account. Bills honoured (paid), bills dishonoured and the closing balance are debited; the opening balance is credited. Bills accepted is the balancing figure.
Total Bills Payable Account
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
|---|---|---|---|---|---|---|---|
| To Cash (B/P honoured) | 50,000 | By Balance b/d | 1,80,000 |
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