Under which of the following situations, is journal entry not passed in the books of the drawer?
A) When a discounted bill is honoured by the drawee on the due date
B) When a bill is sent to the bank for collection
C) When a bill is renewed at the request of the drawee
D) When a debtor accepts a bill drawn by the drawer
Correct Answer:
Verified
Q15: Which of the following statements is/are true?
A)Noting
Q16: When bill discounted with the bank is
Q17: Which of the following statements is/are false?
A)Accommodation
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Q22: Which of the following is not a
Q23: How many parties are generally found in
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