Home
Class 11
ACCOUNTS
Give the performa of a Bills Payable Boo...

Give the performa of a Bills Payable Book

Text Solution

Verified by Experts

THE FOLLOWING IS PROFORMA OF BILLS PAYABLE
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

Rectify the following errors by passing Journal entries: (i) A sum of Rs. 470 received from Ganga was posted to her debit as Rs. 740. (ii) A debit balance of Rs. 550 in the personal account of Mr. John was undercast. (iii) Bills Receivable from Brown for Rs. 3,000 posted to the credit of Bills Payable Account and credited to Brown's Account. (iv) Goods returned by Mridual Rs. 225 have been entered in the Return Outward Book.

Balance Sheet of P , Q and R as at 31st March , 2019 , who were sharing profits in the ratio of 5 : 3 : 1 , was : The partners dissolved the business . Assets realised - Stock ₹ 23, 400 , Debtors 50% , Fixed Assets 10% less than their book value . Bills Payable were settled for ₹ 32, 000 . There was an Outstanding Bill of Electricity ₹ 800 which was paid off . Realisation expenses ₹ 1,250 were also paid. Prepare Realisation Account, Partner's Capital Accounts and Bank Account .

What will be the effect on current ratio if a bills payable is discharged on maturity?