In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee s Account iii. Credit Drawee s Account iv. Credit Sales Account

In the books of the drawer, the accounting treatment involved on recei

1.	In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee s Account iii. Credit Drawee s Account iv. Credit Sales Account
A.	Only (i) above
B.	Both (ii) and (iv) above
C.	Both (i) and (iii) above
D.	Both (i) and (iv) above
Answer» D. Both (i) and (iv) above