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Question
when endorsed bill is dishonored ______ A/c is Debited.
when endorsed bill is dishonored ______ A/c is Debited.
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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.
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.
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