How are journal entries passed for bill of exchange in the case of endorsement?

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Solution

Dear Student,
When the bill is endorsed to 3rd party,
in the books of drawer, the entry would be:
Endorsee A/c. Dr.
To B/R A/c.
In the books of endorsee, the entry would be:
B/R A/c. Dr.
To Drawer A/c
Regards

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How are journal entries passed for bill of exchange in the case of endorsement?

Dear Student, When the bill is endorsed to 3rd party, in the books of drawer, the entry would be: Endorsee A/c. Dr. To B/R A/c. In the books of endorsee, the entry would be: B/R A/c. Dr. To Drawer A/c Regards

Dear Student,
When the bill is endorsed to 3rd party,
in the books of drawer, the entry would be:
Endorsee A/c. Dr.
To B/R A/c.
In the books of endorsee, the entry would be:
B/R A/c. Dr.
To Drawer A/c
Regards