Q
When bill discounted with the bank is dishonored?
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A
A. Acceptor‘s account is debited in the books of drawer
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B
B. Bills receivable account is credited in the books of drawer
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C
C. Bank account is debited in the books of drawer
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D
D. Bills payable account is debited in the books of drawer
Correct Answer:
A. A. Acceptor‘s account is debited in the books of drawer