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Commerce · Q1421

Accounting

Graduate and Post Graduate · Commerce · question 1421

Q1421

On 1st January 2012 X drawn of Rs. 20,000 on Y for three months. X discounted the bill with bank for Rs. 19,900. On due date, the bill was dishonoured. For dishonour in the books of X. Bank account will be credited by

A.
Rs. 19,900
B.
Rs. 20,000
Answer
C.
Rs. 20,100
D.
Rs. 19,800

Answer: Option B

Solution

Answer: Option B
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