Which of the account is debited in case of dishonour of bill on the due date.

Bills receivable account

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Cash account

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Bank account

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Drawee account

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Solution

The correct option is D
Drawee account

Drawee account is debited in case of dishonour of bill on the due date.

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Similar questions

P draws a bill for Rs 2,000 on Q who accepts and returns it to P on the same date. P sent the bill to his banker for collection. On the due date the bill is dishonoured by Q. Which account shall be debited in drawer`s books?

Q. When noting charges are paid at the time of dishonour of the bill, the drawee always debits ______________ account.

Q. On acceptance of bill - the drawee, debit which of these accounts?

Q. account is debited in the books of drawee at the time of honoring the bill.

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Which of the account is debited in case of dishonour of bill on the due date.

The correct option is D Drawee account Drawee account is debited in case of dishonour of bill on the due date.

The correct option is D
Drawee account

Drawee account is debited in case of dishonour of bill on the due date.