Question

what is the treatment of Dishonour of a bill receivable in case of dissolution of the firm.....

Answer 1

mainly it means

b/r should be paid by debtor or by firm
so,

realisation A/c Dr.
To cash/bank A/c
(hence b/r paid by firm)

and if we are preparing balance debtors will increase.

Answer 2

Introduction:

When the drawee is unable to make the payment on the bill's maturity date, the bill is called dishonored. The drawee's obligation is resumed in this circumstance. A bill can be dishonored in two ways: by refusing to accept it or by neglecting to pay it. A dishonored bill is equivalent to a bounced check.

Explanation:

In the event of the firm's liquidation, the unpaid debt will be subtracted from the balance sheet. The bill holder drawer account will be debited, and the bill receivable account will be credited, in the records of the bill holder.

Bills receivable must be paid by the debtor or the company; hence, the entry is:

Realization A/C Dr.

   To Cash/Bank A/C Cr.

(Being bill receivable paid by the firm)