Bills discounted, got dishonored 750 entry in BRS
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Answer:
Bank ac. dr.
Discount ac. dr.
to bill receivable ac
( Being bill discounted at bank )
Drawee ac dr.
To Bank ac
(Being discounted bill dishonoured )
Explanation:
this question is incomplete
also note if the question mentions that "Bank informed the dishonour of bill" then only we need to right the entry.
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