when endorsed bill is dishonored ______ A/c is Debited.
A
Drawee
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B
Endorser
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C
Bank
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D
None
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Solution
The correct option is D Drawee Entry for dishonor of bill when endorsed is Drawee’s A/c Dr. To Creditor’s/ Endorsee’s A/c when bill is dishonored, Drawee again becomes debtor for the amount due from him. So, his account is debited again.