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's

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Bank

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Bills Receivable

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Bill sent for collection

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Solution

The correct option is A Q's
The journal entry in this case will be:

Q A/c Dr 2,000
To Bill sent for collection A/c 2,000

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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.

The correct option is A Q'sThe journal entry in this case will be: Q A/c Dr 2,000 To Bill sent for collection A/c 2,000

The correct option is A Q's
The journal entry in this case will be:

Q A/c Dr 2,000
To Bill sent for collection A/c 2,000