When the noting charges are paid by the bank at the time of dishonor of the bill, account is credited in drawee's books.

Cash

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Bank

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Drawer's

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Bills Payable

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Solution

The correct option is C Drawer's
The drawer's account is credited in the books of drawee as he owes the amount to the drawer and obligated to pay the same.

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When the noting charges are paid by the bank at the time of dishonor of the bill, account is credited in drawee's books.

The correct option is C Drawer'sThe drawer's account is credited in the books of drawee as he owes the amount to the drawer and obligated to pay the same.

The correct option is C Drawer's
The drawer's account is credited in the books of drawee as he owes the amount to the drawer and obligated to pay the same.