Q
Under which of the following situations, is journal entry not passed in the books of the drawer?
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A
A. When a discounted bill is honoured by the drawee on the due date
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B
B. When a bill is sent to the bank for collection
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C
C. When a bill is renewed at the request of the drawee
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D
D. When a debtor accepts a bill drawn by the drawer
Correct Answer:
A. A. When a discounted bill is honoured by the drawee on the due date
