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

Debited

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Credited

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No impact

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None of these

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Solution

The correct option is B
Credited

Ramesh account will be credited as he is a 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

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

The correct option is B
Credited

Ramesh account will be credited as he is a creditor for him and is obligated to pay the amount.