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P1 C8 Journal Proper — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C8 Journal Proper4 Marks
Question
Yuvraj does not maintain separate subsidiary books for bills receivable, bills payable,purchase returns and sales returns. Pass entries of the following transactions in the Journal Proper. $(1)$ A bill of $Rs. 8000$ drawn on a debtor Mayur for collection of dues from him, which heaccepted and returned it to us. $(2)$ We accepted a bill of $Rs. 5000$ drawn by Ketan against his debt of $Rs. 7000,$ which weaccepted and returned to him. $(3)$ The bill accepted by Mayur was dishonoured on the maturity date. $(4)$ Returned goods of $Rs. 4000$ to Chetan. These goods were purchased before ten days onthree months' credit. $(5)$ Pranay returned goods of $Rs. 2000,$ which we had sold on two months' credit.
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Answer

Journal Proper of Shri Yuvraj
Dt./No. Particulars L. Debit Credit
F. (Rs.) (Rs.)
$1$ Bills receivable A/c Dr.   $8000$  
  To Mayur's A/c     $8000$
  [Being bill of $Rs. 8000$ accepted by Mayur. ]      
$2$ Ketan A/c Dr.   $5000$  
  To Bill payable A/c     $5000$
  [Being bill of $Rs. 5000$ drawn by Ketan, accepted by us.]      
$3$ Mayur's A/c Dr.   $8000$  
  To Bill receivable A/c     $8000$
  [Being bill receivable of $Rs. 8000$ dishonoured by Mayur.]      
$4$ Chetan's A/c Dr.   $4000$  
  To Purchase returns A/c     $4000$
  [Being goods of $Rs. 4000$ returned to Chetan]      
$5$ Sales return's A/c Dr.   $2000$  
  To Pranav's A/c     $2000$
  [Being goods of $Rs. 2000$ returned by Pranav]      
  Total   $27,000$ $27,000$

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