Ram endorsed a bill to Ramesh drawn upon Ravan and it got dishonored at the time of maturity. In this case, account shall be credited in Ram's books.

Ravan

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Ramesh

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Bills Receivable

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Cash

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Solution

The correct option is B Ramesh
Ramesh account will be credited as he is creditor for him and is obligated to pay the amount.

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Ram endorsed the bill to Ramesh which got dishonoured. What will be the impact on Ramesh's account in Ram's books

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Ram endorsed a bill to Ramesh drawn upon Ravan and it got dishonored at the time of maturity. In this case, account shall be credited in Ram's books.

The correct option is B RameshRamesh account will be credited as he is creditor for him and is obligated to pay the amount.

The correct option is B Ramesh
Ramesh account will be credited as he is creditor for him and is obligated to pay the amount.