A bill received and encashed with the bank on the same day is knows as .

discounting the bill

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

bill at sight

No worries! We‘ve got your back. Try BYJU‘S free classes today!

noting of the bill

No worries! We‘ve got your back. Try BYJU‘S free classes today!

renewal of the bill

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A discounting the bill
A bill received and deposited with the bank on the same day is knows as bill discounting. This ensure safety of the bill.

Suggest Corrections

Similar questions

A Bill received and encashed with the bank on the same day is known as ___

Ascertain the appropriate missing figure from the following information :

Bills receivables as on March 31, 2018 Rs. 20,000,
Bills receivables as on March 31, 2017 Rs. 16,000,
Bills collected Rs. 21,000,
Bills receivable of Rs. 1,00,000 discounted with a bank at a discount of Rs. 4,000,
Bills receivable of Rs. 50,000 endorsed in favour of creditors.
Bills receivable (which were retained ) dishonoured Rs. 25,000.

If the bill is encashed from the bank before the date of maturity it is termed as

Q. When the bill is encashed from the bank before its due date, it is known as

Q. When Consignor discounts the bills receivable with bank, then which of the following entry will be passed in the books of Consignor?

A.Consignment A/c Discount A/c To Bills Receivable A/c	Dr. Dr.
A.Bank A/c Profit & Loss A/c To Bills Receivable A/c	Dr. Dr.
C.Bank A/c Consignment A/c To Bills Receivable A/c	Dr. Dr.
D.None of the above.

Join BYJU'S Learning Program

A bill received and encashed with the bank on the same day is knows as .

The correct option is A discounting the billA bill received and deposited with the bank on the same day is knows as bill discounting. This ensure safety of the bill.

The correct option is A discounting the bill
A bill received and deposited with the bank on the same day is knows as bill discounting. This ensure safety of the bill.