CA Foundation Exam  >  CA Foundation Questions  >  G draws a bill on R. G endorses the bill to S... Start Learning for Free
 G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?

  • a) 
    Bills Receivable A/c
  • b) 
    .SA/c
  • c) 
    R A/c
  • d) 
    Bills Payable A/c
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
G draws a bill on R. G endorses the bill to S. On the due date the bil...
Explanation:
When a bill is dishonoured, the person who endorsed it becomes liable for the payment. In this case, G endorsed the bill to S, so G's account will be affected.

The account that will be credited in the books of G is S's account. This is because S is the person who is supposed to receive the payment, but since the bill was dishonoured, G is liable to pay the amount. Therefore, G's liability towards S increases, and the amount is credited to S's account.

To summarize:

- G draws a bill on R
- G endorses the bill to S
- On the due date, the bill is dishonoured
- G's liability towards S increases
- S's account is credited in the books of G.
Free Test
Community Answer
G draws a bill on R. G endorses the bill to S. On the due date the bil...
In the books of Gwhile G draws a bill on R. The entry will be , Bills receivable A/C. Dr. To R A/CWhile endorsing it to S. The entry will be, S A/C. Dr. To Bills receivable A/CThe entry for dishonouring an endorsed bill will be , R A/C. ( receivable from) Dr. To S A/C ( payable to)
Explore Courses for CA Foundation exam
G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer?
Question Description
G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. 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 G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. 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 G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer?.
Solutions for G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. 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 G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice G draws a bill on R. G endorses the bill to S. On the due date the bill is dishonoured. On dishonour, which account is credited in the books of G?a)Bills Receivable A/cb).SA/cc)R A/cd)Bills Payable A/cCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev