Question

when a bills receivable is discounted then what entry is passed by the drawee
(a) Dr. Bills receivable A/c and Cr. Bills payable A/c
(b) Dr. Bills payable A/c and Cr. Bank A/c
(c) Dr. Drawers A/c and Cr. Bills payable A/c
(d) No entry​

Answer 1

Answer:

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Answer 2

Answer:

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