Question

Total of bills receivable 1500 posted to the credit of bills receivable account

Answer 1

Answer:

23467

Explanation:

Answer 2

Answer:

the answer is " debit the bills receivable account for rs 3000

Explanation:

so the entry is :

bills receivable a/c dr

                 to payee acc

but however since we have posted it on the credit side , it will show the credit balance as 1500 . To correct this we must debit the bills receivable a/c by 3000 as the first 1500 will cut off the credit balance n the second 1500 will before the unposted one.