Page 24 - Chapter-11.pmd

460 Accountancy

(ii) Total Debtors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
Balance b/d 49,500 Cash (receipt) 1,15,000
Credit sales 1,29,100 Bills (drawn) 6,300
(balancing figure)
Discount allowed 2,300
Balance c/d 55,000
1,78,600 1,78,600

(iii) Total Bills payable Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
Cash (paid) 30,700 Balance b/d 32,800
Balance c/d 10,200 Creditors
(bills accepted)
(balancing figure) 8,100
40,900 40,900

(iv) Total Creditors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
Cash 80,800 Balance b/d 84,200
Bills payable 8,100 Credit purchases 29,600
Discount received 700
Balance c/d 24,200
(balancing figure)
1,13,800 1,13,800

Illustration 8

Dinesh does not keep systematic books of account due to lack of Knowledge about the
double entry system of accounting. He supplies you the following information :

(i) Assets and Liabilities
December 31, 2014

Rs. Rs.
Sundry debtors 45,000 48,600
Sundry creditors 24,000 ?
Cash 4,500 ?

2015-16