Journal in the Books of Drawee
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Q.
a pay in slip is a form provided by the bank to facilitate the account
Q. When the noting charges are paid by the bank at the time of dishonor of the bill, account is credited in drawee's books.
- Cash
- Bank
- Drawer's
- Bills Payable
Q.
Give an example of a purchase account in a journal entry.
Q.
How do vouchers work?
Q.
State the feature of the Receipt and Payment Account
Q. Noting charges account is debited by __________.
- the Acceptor
- the Endorser
- the Holder of the Bill.
- the Discounting banker