Q. Under which of the following situations, is journal entry not passed in the books of the drawer? (Solved)
1. When a discounted bill is honoured by the drawee on the due date
2. When a bill is sent to the bank for collection
3. When a bill is renewed at the request of the drawee
4. When a debtor accepts a bill drawn by the drawer
- a. When a discounted bill is honoured by the drawee on the due date