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 ______

Owner`s Funds Account

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Drawee account

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Bills sent for collection account

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Bills Receivable account

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Solution

The correct option is C
Bills sent for collection account

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 Bills sent for collection account.

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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 ______

The correct option is C Bills sent for collection account 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 Bills sent for collection account.

The correct option is C
Bills sent for collection account

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 Bills sent for collection account.