Journal for Dishonour Incase of Bill Sent for Collection

Q.

What is the ifference between multi-city cheque and normal cheque?

Q. P draws a bill for Rs.2, 000 on Q and sent it to bank for collection. Q dishonored the bill. In this case, account is debited in drawer's books.

1. Q's
2. Bank
3. Bills Receivable
4. Bill sent for collection

Q.

P draws a bill for Rs 2, 000 on Q who accepts and returns it to P on the same date. P sent the bill to his banker for collection. On the due date the bill is dishonoured by Q. Which account shall be debited in drawer`s books?

1. Bills Receivable A/c

2. Bills Payable A/c

3. Q's Account

4. Bank Account

Q.

P draws a bill for Rs 2, 000 on Q who accepts and returns it to P on the same date. P sent the bill to his banker for collection. On the due date the bill is dishonoured by Q. Which account shall be debited in drawer`s books?

1. Bank account

2. None of these

3. Q's account

4. Bill sent for collection account

Q. Q.13. Cash Book balance was Rs. 1, 790 (Dr.). When compared with the Bank Statement, unpresented cheques were Rs. 1, 040 and deposits but not credited were Rs. 820. What was the balance as per Bank Statement?

Q. Rationalise the denominator of each of the following: