In which book the dishonor of a bill receivable be recorded ........

General Accounting Principles Accounting cycles

630 views

Add to Study Deck Download Solution PDF

In which book the dishonor of a bill receivable be recorded

Sales journal

Bills receivable Journal

Bills Payable Journal

Journal proper

छोटे Courses बड़े Results

Master Accounting cycles

Prepare through Micro-courses

Try Now

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

Report error

Submit Error