Jyoti owes ₹31,000 to Swati for which was draws a bill on Jyoti for 2 months. The bill was duly accepted by Jyoti. Swati sends the bill to banks for collection. Jyoti honored the bill on the due date and bank charges ₹475 as bank charges. Give Journal Entries in the Books of Swati.

Give Journal Entries in the Books of Swati. 



Journal Entry 

In the Books of Swati (Drawer) 




Debit ₹  

Credit ₹ 


Bills Receivable A/c Dr. 

To Jyoti A/c 

[Being draws a bill on Jyoti for2 months] 






Bill sent for collection A/c Dr. 

To Bills Receivable A/c 

[Being Bill sent for collection] 






Bills Receivable A/c Dr. 

To Bill sent for collection 

To Bank A/c 

[Being Jyoti honored the bill on the due date and paid bank charges]  












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