Class 11 Exam > Class 11 Questions > Q.13. On Ist" Dec 2016 Amar Sold goods to sud...
Start Learning for Free
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.?
Most Upvoted Answer
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and wri...
Journal Entries in the books of Amar:
- 1st Dec:
- Sudesh's Account Dr. 10,000
To Sales Account 10,000 (Being goods sold to Sudesh on credit)
- 2nd Dec:
- Bills Receivable Account Dr. 10,000
To Sudesh's Account 10,000 (Being acceptance of the bill received from Sudesh)
Journal Entries in the books of Sudesh:
- 2nd Dec:
- Amar's Account Dr. 10,000
To Bills Payable Account 10,000 (Being return of goods to Amar after acceptance of the bill)
Explanation:
- On 1st Dec, Amar sold goods to Sudesh on credit for Rs. 10,000 and issued a bill for a 2-month period. The journal entry recorded in Amar's books debits Sudesh's account and credits the Sales account for the amount of Rs. 10,000.
- On 2nd Dec, Sudesh accepted the bill and returned the goods to Amar. The journal entry in Amar's books debits the Bills Receivable account and credits Sudesh's account for Rs. 10,000.
- In Sudesh's books, on 2nd Dec, the journal entry debits Amar's account and credits the Bills Payable account for Rs. 10,000 to record the return of goods after accepting the bill.
These journal entries ensure proper accounting treatment of the transaction between Amar and Sudesh for the sale and return of goods on credit.
Community Answer
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and wri...
I don't know answer
Attention Class 11 Students!
To make sure you are not studying endlessly, EduRev has designed Class 11 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 11.
|
Explore Courses for Class 11 exam
|
|
Top Courses for Class 11View all
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.?
Question Description
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.?.
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.?.
Solutions for Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? in English & in Hindi are available as part of our courses for Class 11.
Download more important topics, notes, lectures and mock test series for Class 11 Exam by signing up for free.
Here you can find the meaning of Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? defined & explained in the simplest way possible. Besides giving the explanation of
Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.?, a detailed solution for Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? has been provided alongside types of Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? theory, EduRev gives you an
ample number of questions to practice Q.13. On Ist" Dec 2016 Amar Sold goods to sudesh for Rs.10,000 and write a bill for Rs. 10,000 for the period of 2 month, sudesh returned it to Amar after his acceptance on 2 nd Dec. pass journal entries in the books of Amar and sudesh.? tests, examples and also practice Class 11 tests.
|
|
Explore Courses for Class 11 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup