MCQ Practice

Under which of the following situations, is journal entry not passed in the books of the drawer?

Subject: AccountingTopic: Accounting
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

Correct Answer: A