From the following transaction of M/s J. Chandra, you are required to prepare a Bills Receivable Book and Bills Payable Book 2003 Acceptance received from Jhon payable six months after date for Rs. 13,000 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 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. Jan. 1 7 10 21 25 26 27 30 31

From the following transaction of M/s J. Chandra, you are required to prepare a Bills Receivable Book and Bills Payable Book 2003 Acceptance received from Jhon payable six months after date for Rs. 13,000 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 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. Jan. 1 7 10 21 25 26 27 30 31

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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