If A draws the bill on B, B accepts the bill and returned the bill back to A. A endorses the bill in favour of C. In whose books of Accounts the adjustment is required when bill is dishonoured?

A and B

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A and C

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B and C

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A,B and C

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Solution

The correct option is D
A,B and C

Because when a bill is dishonored, all the parties involved are effected and books of accounts of all the parties have to be adjusted.

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If A draws the bill on B, B accepts the bill and returned the bill back to A. A endorses the bill in favour of C. In whose books of Accounts the adjustment is required when bill is dishonoured?

The correct option is D A,B and C Because when a bill is dishonored, all the parties involved are effected and books of accounts of all the parties have to be adjusted.

The correct option is D
A,B and C

Because when a bill is dishonored, all the parties involved are effected and books of accounts of all the parties have to be adjusted.