Question No 36 Chapter No 13 – D.K Goal 11 Class

Question No 36 Chapter No 13

Additional Question

Q. 36. Journalise the following transactions in our books:
(a)Our acceptance to Karan for 4,500 renewed for 3 months on the condi­tion that 2,500 is paid in cash immediately and a new bill to be drawn including interest @ 12% p.a.
(b)A bill payable accepted in favour of Hari for 4,000 returned unpaid due to lack of instructions to the bank. Hari claims 4,050 (50 as noting charges), which is paid by cheque.

The solution of Question No 36 Chapter No 13: –

In the books of Hari
Date	Particulars		L.F.	Debit	Credit
2018
(a)	Bill Payable A/c	Dr.		4,500
	To Karan A/c				4,500
	(Being Bill cancelled)
	Interest A/c	Dr.		60
	To Karan A/c				60
	(Being interest payable for 3 months)
	Karan A/c	Dr.		4,560
	To Cash A/c				2,500
	To Bill Payable A/c				2,060
	(Being cash and new acceptance given)
(b)	Bill Payable A/c	Dr.		4,000
	Noting Charges A/c	Dr.		50
	To Hari A/c				4,050
	(Being bill payable dishonoured)
	Hari A/c	Dr.		4,050
	To Bank A/c				4,050
	(Being hari’s account settled)

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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)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.