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Journal for Bill Sent for Collection

Mr. R (drawer...

Question

Mr. R (drawer) sent his bill for collection, bills sent for collection a/c will be debited in the books of R.

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True

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False

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

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.

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

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 ______

Q. Bills sent for collection Rs 1000 dishonored and noting charges paid by drawer Rs 100 then, Cash A/c will be credited by Rs. _____________.

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Journal for Bill Sent for Collection

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