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

Bills payable account

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Discount account

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Bills receivable account

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Bills sent for collection account

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Solution

The correct option is D
Bills sent for collection account

When a bill is sent for collection, bills sent for collection account shall be debited in books of drawer.

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

The correct option is D Bills sent for collection account When a bill is sent for collection, bills sent for collection account shall be debited in books of drawer.

The correct option is D
Bills sent for collection account

When a bill is sent for collection, bills sent for collection account shall be debited in books of drawer.