Accountancy, asked by hrushikasle, 5 months ago

Bills Payable dishonored are debited to which
Account."?

Answers

Answered by Itzcreamykitty

21

Answer:

In the Books of Drawee

Logic : Drawee has now direct liability of drawer and also has faced loss of noting charges and bill payable liability has decreased. So, b/p account and noting charges account will debit and drawer account will credit.

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