In the books of drawer, when the bill is discounted, discount account will be:
How is ‘Discount on Issue of Debentures’ treated in the books of accounts? How will you deal with the ‘discount in issue of debentures’ when the debentures are to be redeemed in instalments?
Which account shall be debited in the books of drawee, when the bill is endorsed by the drawer.
When a bill is sent for collection, which account is debited in the books of drawer?