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Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Mr. Rex accepted a bill drawn by Mr. Rabin. Mr. Rabin endorsed the bill to Mr Shekar. On the due date, the bill is dishonored as Mr Rex became insolvent. To record the dishonor of the bill in the books of Mr. Rabin, which of the following accounts should be credited?a)Mr. Rex’s accountb)Bills Receivable accountc)Mr Shekar’s accountd)Bills payable accountCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.