Q
In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?
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A
A. I. debit bills receivable account
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B
B. Ii. debit draweeβs account
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C
C. Iii. credit draweeβs account
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D
D. Iv. credit sales account
Correct Answer:
A. A. I. debit bills receivable account