Q332
Bills receivable endorsed are debited to
A.
Bills Payable A/c
B.
Debtor's A/c
C.
Endorsee A/c
AnswerD.
Bills Receivable A/c
Answer: Option C
Solution
Answer: Option C
Solution:
Bills receivable endorsed are debited to Endorsee A/c. The endorsee will be the owner of the bill and he will realise the payment of the bill on the due date from the drawee.