Question

bill discount but dishonoured​

Answer 1

Answer:

Step-by-step explanation:

If you want to understand the concept of Bill discounted dishonoured journal entries, first learn the bill discounted with bank and its journal entries at here and then back here to learn.

Bill discounted dishonoured means bill holder has discounted from bank by debiting bank charges in the form of discount but at the time of maturity when bank demanded money from drawee and drawee has no money and did not pay to bank, then it will called bill discounted dishonoured. At the time, bank will go to notary office for noting this dishonoured. Now, bank will pay the noting fees on the behalf of bill holder. and bill holder will take same amount from drawee who accepted same bill for payment. Now we pass the journal entries

Answer 2

Answer:

YEA IT HAS HAPPEN TO ME ALSO