Accounting cycles

General Accounting Principles

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In which book the dishonor of a bill receivable be recorded

Sales journal

Bills receivable Journal

Bills Payable Journal

Journal proper

Explanation:

Dishonour of a bill of exchange occurs when the drawee fails to settle the payment on the date of maturity. When the bill of exchange is dishonoured, the liability of the acceptor is restored (he/she becomes the debtor again).
Journal proper book the dishonor of a bill receivable be recorded

By: Munesh Kumari

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