Question

At the time of dishonor of a bill, drawee always debits Alcs.
(a) B/R
(b) B/P
(c) Discount
(d)
Rebate
11​

Answer 1

Answer:

The drawer can deal with the bill in the following ways:

Retain till maturity

Discount with the bank

Endorse in favor of another person

Send it for collection to the bank

Browse more Topics under Bills Of Exchange

Meaning and Features of Bills of Exchange

Types of Bills of Exchange

Discounting of Bills

Renewal of Bill

Learn here the Renewal and Retiring of Bills of Exchange here in detail.

Journal Entries for Discharge and Dishonour of Bills of Exchange

In the books of Drawer

Answer 2

Answer:

drawee debited B/p a/c

Hope it helps u