Answer / priyanka

BR A/c dr
To A
( bill received from a)

Z a/c dr
To B/P
(bill issued to z)

Answer / dev

When the B/R received from the party (for ex- A)
B/R a/c...........DR
To A
(Being B/R received from the party.)

When the received B/R deposited into the bank.
Bank a/c..........DR
To B/R a/c
(Being B/R deposited into the bank.)

When the B/P given to the party for (ex- A)
A a/c............DR
To B/P a/c
(Being B/P issued to the party).

When B/P cleared by the bank
B/P a/c............DR
TO bank a/c
(Being B/P cleared )

Answer / pallavi

1)Purchased 2500Rs of bike parts on accounts payable in 30days
Bike parts A/c dr 2500
To A/P A/c 2500

2)Collected Rs425 from customers A/c

Cash A/c Dr 425
To Customers A/c 425

Answer / m.yousaf

You should treat the recievables A/c as Sale Ledger Control
A/c i.e as a Debtors A/C. N Payables as Creditors A/C or
just like Purchase Ledger Control A/C.

Example:
Bank/Cash Dr
Recievable A/C Cr
(as debtors are reduced when you recieve the payment)
Payables Dr
Bank/Cash Cr

Answer / ramulu

Accounts recevable and bills recevable are same and at the
same time Accounts payables and Bills payables are same

1)Detors A/c Dr
To A.R/B.R A/c



2) A.p/B.p A/c Dr
To Creditors A/c

Answer / venugopal redddy

The Q? is improper bcose it doesn`t specify in who`s books
the entry should be made. In the books of Drawee/ Drawer

Answer / akram

br a/c dr
to cash a/c

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