Bills receivable as endorsed is debited to

Related MCQs

• When Bills Receivable is returned dishonoured by the drawee, which of these A/c is debited by the drawee
• Kuntal draws a bill on shyam for ` 7,000.Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:
• If Ram's acceptance which was endorsed by us in favour of Saleem is dishonoured, then the amount will be debited in our books to
• In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account
• Bills receivable is a ___________
• Bills payable honored during the year will be debited to ______
• The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
• When a B/R is endorsed by the Drawer what entry is passed by the Drawee—
• If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time of endorsement involves
• The person to whom bill is endorsed is known as __________.