MCQOPTIONS
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| 1. |
Under which of the following situations, is journal entry not passed in the books of the drawer? |
| A. | When a discounted bill is honoured by the drawee on the due date |
| B. | When a bill is sent to the bank for collection |
| C. | When a bill is renewed at the request of the drawee |
| D. | When a debtor accepts a bill drawn by the drawer |
| Answer» B. When a bill is sent to the bank for collection | |