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    Financial Accounting
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    Exam 38: Bills of Exchange, Consignment, and Partnership
  5. Question
    When a B/R Is Discounted, What Entry Is Passed by the Drawee-
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When a B/R Is Discounted, What Entry Is Passed by the Drawee-

Question 17

Question 17

Multiple Choice

When a B/R is discounted, what entry is passed by the Drawee-


A) Bank A/c Dr. to B/R Cr. .
B) Drawer A/c Dr. to B/R A/c Cr.
C) B/R A/c Dr. to B/P A/c Cr. .
D) No entry

Correct Answer:

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