Page 114 - DMGT104_FINANCIAL_ACCOUNTING

Financial Accounting

Notes Ledger
Ramesh A/c
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
( ) ( )
2011
Jul 1 By Sales Returns A/c 6,500

Murthy A/c
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
( ) ( )
2011
Jul 10 By Sales Returns A/c 9,500

Suresh A/c
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
( ) ( )
2011
Jul 15 By Sales Returns A/c 2,000

Chandra A/c
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
( ) ( )
2011
Jul 25 By Sales Returns A/c 500

Chandra A/c
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
( ) ( )
2011
Jul 30 By Sales Returns A/c 500

Sales Returns A/c
Dr. Cr.
Date Particulars JF Amount Date Particulars JF Amount
( ) ( )
2011
Jul 31 To Sundries as per 19,000
Sales Returns book

6.3.5 Bills Receivable Book

A bill of exchange accepted by a customer is called bills receivable. When bills are received from
debtors and number of such bills received is larger (big) then such bills are recorded in a
separate book, known as bills Receivable Book. All such bills are totalled for a particular period
and are posted in the accounts of the debtors from whom such bills are received. Following is
the form of Bills Receivable Book.

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