Home
Class 11
ACCOUNTS
Give the performa of a Bills Receivable ...

Give the performa of a Bills Receivable Book.

Text Solution

Verified by Experts

Bills owed book is Associate in Nursing accounting instrument that is employed to stay and record the bills that square measure received from the debtors of the business. the main points of each bill received is recorded during this book.
The performa of bills receivable contains following contents:
I. Dates of the bills received.
II. Terms of bills.
III. The due date for the bills.
IV. Amount of the bills received.
V. Number of the bills.
...
Promotional Banner

Topper's Solved these Questions

  • BILL OF EXCHANGE

    NCERT|Exercise Numerical Questions|23 Videos
  • BILL OF EXCHANGE

    NCERT|Exercise Summary with Reference to Learning objectives|4 Videos
  • BANK RECONCILIATION STATEMENT

    NCERT|Exercise LONG ANSWER|3 Videos
  • CASH FLOW STATEMENT

    NCERT|Exercise Numerical Questions|12 Videos

Similar Questions

Explore conceptually related problems

Calculate the amount of bills receivable dishonoured from the following information.

Calculate the amount of bills receivable during the year.

state giving reason whether the current ratio will improve or decline or will have no effect in each of the following transactions if current ratio is 2:1 (a) cash paid to trade payabless. (b) bills payable discharged (c ) bills receivable endrosed to a creditor (d) payment of final deivdend already declared (e ) purchase of stock in trade on credit (f) bills receivable endorsed to a creditor dishonoured. (g) purchase of stock in trade for cash. (g) purchase of stock in trade for cash (h) sale of fixed assets (book value of rs 50000) for Rs 45000 (i) sale of fixed assets (book value of Rs 50000) for Rs 60000.

Give journal entries to rectify the following errors assuming that suspense account had been opened. (a) Goods distributed as free sample 5,000 were not recorded in the books. (b) Goods withdrawn for personal use by the proprietor 2,000 were not recorded in the books. (c) Bill receivable received from a debtor 6,000 was not posted to his account. (d) Total of Returns inwards book 1,200 was posted to Returns outwards account. (e) Discount allowed to Reema 700 on receiving cash from her was recorded in the books as 70.