Question No 35 Chapter No 13 – D.K Goal 11 Class

Question No 35 Chapter No 13

Additional Question

Q. 35. (a) Journalise the following in the books of Hari.
Sohan informs Hari that Mohan’ s acceptance for f 13,000, endorsed in favour of Sohan by Hari, has been dishonoured. Sohan agrees to accept f3,000 in cash and an acceptance at 3 months together with interest @ 12% per annum.
(b) Journalise the following in the books of Harish.
Hansh sends Hari’s acceptance for 26,000 to Babu to meet his acceptance for the like amount in favour of Babu

The solution of Question No 35 Chapter No 13: –

In the books of Hari
Date	Particulars		L.F.	Debit	Credit
2018
(a)	Mohan A/c	Dr.		13,000
	To Sompal A/c				13,000
	(Being dishonour of Mohan’s endorsed in favour of Sohan)
	Interest A/c	Dr.		300
	To Sohan A/c				300
	(Being interest due on Rs 10,000)
	Sompal A/c	Dr.		13,300
	To Cash A/c				3,000
	To Bill Payable A/c				10,300
	(Being settlement of Sohan’s account by payment in cash and new acceptance)
(b)	Bill Receivable A/c	Dr.		13,000
	To Bill Receivable A/c				13,000
	(Being new bill drawn on Sompal)

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Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

• Chapter 1 Evolution of Accounting & Basic Accounting Terms
• Chapter 2 Accounting Equations
• Chapter 3 Meaning and Objectives of Accounting
• Chapter 4 Double Entry System
• Chapter 5 Books of Original Entry – Journal 
• Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
• Chapter 7 Books of Original Entry – Cash Book (Coming soon)
• Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
• Chapter 9 Ledger (Coming soon)
• Chapter 10 Trial Balance and Errors (Coming soon)
• Chapter 11 Bank Reconciliation Statement (Coming soon)
• Chapter 12 Depreciation (Coming soon)
• Chapter 13 Bills of Exchange (Coming soon)
• Chapter 14 Generally Accepted Accounting Principles(GAAP) 
• Chapter 15 Bases of Accounting
• Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
• Chapter 17 Capital and Revenue 
• Chapter 18 Provisions and Reserves 
• Chapter 19 Final Accounts (Coming soon)
• Chapter 20 Final Accounts – With Adjustments (Coming soon)
• Chapter 21 Errors and their Rectification (Coming soon)
• Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
• Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
• Chapter 24 Computerised Accounting System (Coming soon)
• Chapter 25 Introduction to Accounting Information System (Coming soon)

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