From the following transaction of M/s J. Chandra, you are required to prepare a Bills Receivable...
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From the following transaction of M/s J. Chandra, you are required to prepare a Bills Receivable Book and Bills Payable Book 2003 Jan. 1 Acceptance received from Jhon payable six months after date for Rs. 13,000 7 7 Accepted Mary Ellen's draft for Rs. 8,000 for 4 months Draw a bill on Dixon for Rs. 5,000 for 6 months 10 21 25 26 27 30 31 Gave Ram our acceptance for Rs. 10,000 payable 6 months after date Jhon's acceptance for Rs. 13,000 was retired under a rebate of Rs. 200 Received a bill from Reddy for Rs. 2,000 for 2 months Accepted a bill of Edward for Rs. 9,000 for 3 months Accepted May Ellen's draft Rs. 4,000 for 2 months Drew a bill on Dixon for 4,000 for 3 months and accepted by him payable at State Bank of India, Madras. From the following transaction of M/s J. Chandra, you are required to prepare a Bills Receivable Book and Bills Payable Book 2003 Jan. 1 Acceptance received from Jhon payable six months after date for Rs. 13,000 7 7 Accepted Mary Ellen's draft for Rs. 8,000 for 4 months Draw a bill on Dixon for Rs. 5,000 for 6 months 10 21 25 26 27 30 31 Gave Ram our acceptance for Rs. 10,000 payable 6 months after date Jhon's acceptance for Rs. 13,000 was retired under a rebate of Rs. 200 Received a bill from Reddy for Rs. 2,000 for 2 months Accepted a bill of Edward for Rs. 9,000 for 3 months Accepted May Ellen's draft Rs. 4,000 for 2 months Drew a bill on Dixon for 4,000 for 3 months and accepted by him payable at State Bank of India, Madras.
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Bills Receivable Book Date 2003 Jan 7 Jan 10 Jan 30 Jan ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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