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Management Sciences
MEDIUM
ENGLISH
Management Sciences
Under which of the following situations, is journal entry not passed in the books of the drawer?
When a discounted bill is honoured by the drawee on the due date
Correct answer
B
When a bill is sent to the bank for collection
Option B
C
When a bill is renewed at the request of the drawee
Option C
D
When a debtor accepts a bill drawn by the drawer
Option D
Correct answer: A
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