When bill discounted with the bank is dishonoured?
A) Acceptor's Account is debited in the books of drawer
B) Bills Receivable Account is credited in the books of drawer
C) Bank Account is debited in the books of drawer
D) Bills Payable Account is debited in the books of drawer
Correct Answer:
Verified
Q11: Improper valuation of inventory effects-
A)Profitability .
B)Financial position
Q12: Find the cost of goods sold if
Q13: Find the value of opening stock from
Q14: A Bill of Exchange is drawn on
Q15: Which of the following statements is/are true?
A)Noting
Q17: Which of the following statements is/are false?
A)Accommodation
Q18: In the books of the drawer, the
Q19: The noting charges levied on dishonour of
Q20: The drawer of a trade bill passes
Q21: Under which of the following situations, is
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