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A bills receivable of Rs 1 000 which was received from a debtor in full settlement for a claim of Rs......

  • Published on: 18-Apr-20
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General Accounting Principles Accounting cycles Add to Study Deck

A bills receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs. 1,100 is dishonoured.

Explanation:

Journal Proper (General journal) records all the transactions that related to receiving the cash after issuing Bills receivable or payable or their dishonour

By: Munesh Kumari
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