In the books of drawer, account is credited when a bill is sent for collection.

bills payable

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

bills receivable

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

bank

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

drawee's

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

Open in App

Solution

The correct option is B bills receivable
When a bill is sent for collection, the journal entry will be
Bills sent for collection A/c Dr.
To Bills Receivable A/c

Suggest Corrections

Similar questions

When a bill is sent for collection, which account is debited in the books of drawer?

The drawer opens a temporary account in his books when the bill is sent to the bank for collection. The name of the account is ______

Which account shall be debited in the books of drawee, when the bill is endorsed by the drawer.

Join BYJU'S Learning Program