Pass the following entries in BPTB, APTB and APFA: i) A bill which was discounted of Rs 4000 was dishonoured - Accountancy - Trial Balance and Rectification of Errors

Question

Pass the following entries in BPTB, APTB and APFA: i) A bill which
was discounted of Rs 4000 was dishonoured with 10% noting charge
credited in B/R account with all amount

Neha Chopra · Accepted Answer

Dear Student

Journal

Date
Particulars

Debit
Credit

Before Preparation of Trial Balance :

Bills Receivable
Dr
400

To Noting Charges A/c

400

(Being error rectified)

After Preparation of Trial Balance

Bills Receivable
Dr
400

To Noting Charges A/c

400

(Being error rectified)

After Preparation of Final accounts

Bills Receivable A/c
Dr
400

To Profit and Loss A/c

400

(Being error rectified)

Regards

Journal
Date	Particulars		Debit	Credit

	Before Preparation of Trial Balance :
	Bills Receivable	Dr.	400
	To Noting Charges A/c			400
	(Being error rectified)

	After Preparation of Trial Balance
	Bills Receivable	Dr.	400
	To Noting Charges A/c			400
	(Being error rectified)

	After Preparation of Final accounts
	Bills Receivable A/c	Dr.	400
	To Profit and Loss A/c			400
	(Being error rectified)

Pass the following entries in BPTB, APTB and APFA: i) A bill which was discounted of Rs.4000 was dishonoured with 10% noting charge credited in B/R account with all amount