MCQOPTIONS
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| 1. |
If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time ofendorsement involves |
| A. | Credit Endorsee‘s Account |
| B. | Debit Endorsee‘s Account |
| C. | Debit Bills Receivable Account |
| D. | Credit Bills Payable Account |
| Answer» C. Debit Bills Receivable Account | |