Journal for Dishonour Incase of Endorsment

Q.

In case of Dishonor of bill when the bill is endorsed, who should get the bill noted?

1. Drawer

2. Drawee

3. Endorser

4. Endorsee

Q.

When noting charges of Rs 100 is paid by the endorsee, what will be the impact in the books of drawer?

1. Bank account credit Rs 100

2. Both A & B

3. Drawee account debit Rs 100

4. Endorsee account credit 100

Q. Ram endorsed a bill to Ramesh drawn upon Ravan and it got dishonored at the time of maturity. In this case, account shall be credited in Ram's books.

1. Ravan
2. Ramesh
3. Bills Receivable
4. Cash

Q. when endorsed bill is dishonored ______ A/c is Debited.

1. Endorser
2. Bank
3. None
4. Drawee

Q.

Ram endorsed the bill to Ramesh which got dishonoured. What will be the impact on Ramesh's account in Ram's books

1. Debited

2. No impact

3. Credited

4. None of these

Q. When noting charges are paid by the endorsee, in the books of drawer, endorsee account will be:

1. Credited
2. Debited