Numerical Questions · Q20
Q.
Find out the amount of bills matured during the year on the basis of information given below:
| Particulars | Amount (₹) |
|---|---|
| Bills payable dishonoured | 37,000 |
| Closing balance of Bills payable | 85,000 |
| Opening balance of Bills payable | 70,000 |
| Bills payable accepted | 90,000 |
| Cheque dishonoured | 23,000 |
Punjab PsebTextbookSubjectiveImportance★★★★★est
82% · 37/45 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Prepare the Total Bills Payable Account. The opening balance and bills accepted are credited; bills dishonoured and the closing balance are debited. Bills matured (honoured) is the balancing figure. The cheque dishonoured ₹23,000 has nothing to do with bills payable and is excluded.
Total Bills Payable Account
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
|---|---|---|---|---|---|---|---|
| To Bills Matured (bal. fig.) | 38,000 | By Balance b/d | 70,000 |
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.