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“Bills payable discounted in cash by Creditor” will be shown in 
  • a)
    Journal 
  • b)
    Ledger
  • c)
    Bank book 
  • d)
    No entry required 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
“Bills payable discounted in cash by Creditor” will be sho...
No entry is required because that entry will be recorded in the books of acounts of that creditor.
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“Bills payable discounted in cash by Creditor” will be shown ina)Journalb)Ledgerc)Bank bookd)No entry requiredCorrect answer is option 'D'. Can you explain this answer?
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