Q. In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange dulyaccepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account (Solved)
1. Only (i) above
2. Both (ii) and (iv) above
3. Both (i) and (iii) above
4. Both (i) and (iv) above
- c. Both (i) and (iii) above