MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Dishonour of the Bill

Dishonor of a...

Question

Dishonor of a bill is recorded in account.

A

cash

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

B

sales

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

C

purchases

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

D

bills receivable

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

Open in App

Solution

The correct option is D bills receivable
Dishonor of a bill is recorded in bills receivable account by crediting the same and debiting the drawee's account.

Suggest Corrections

thumbs-up

3

Similar questions

Q. when bill is dishonored ___________ account is Debited along with Bill payable A/c for recording noting charges.

Q. Calculate Bills Drawn and Accepted if :

Bills receivable drawn in customers opening balance of bills Rs.7000
Bills received endorsed to creditors Rs.1000
Bill dishonored by customers Rs.2000
Bills collected Rs.13000
Closing Balance of Bills Receivable Rs 5000

Q. A bill receivable of Rs. 500 was dishonored and credited as Rs. 50 in B/R A/c. The error will be rectified by ___________.

Q. Bills Receivable book is to keep record of ___________.

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.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Dishonour of the Bill

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Dishonour of the Bill

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon