Question

5. Bank account is debited when a bill is sent to the bank for collection.​

Answer 1

Answer:

When debtor or bill of exchange holder sends the bill to bank by saying that his account will be credited when he will get money from his creditor on due date, then that bill is called Bill sent to bank for collection.

Explanation:

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Answer 2

Answer:

When debtor or bill of exchange holder sends the bill to bank by saying that his account will be credited when he will get money from his creditor on due date, then that bill is called Bill sent to bank for collection.

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