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Commerce · Q2609

Accounting

Graduate and Post Graduate · Commerce · question 2609

Q2609

When a bill drawn by A and B endorsed to C is dishonoured on the due date, it is credited in the books of A to . . . . . . . .

A.
Bank account
B.
Bills receivable account
C.
Bank for collection of bills account
D.
C's account
Answer

Answer: Option D

Solution

Answer: Option D
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