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A’ draws a bill on ‘B’, but ‘B’ did not accept the same. Which of the following journal entry should be passed in the books of ‘A’. 
  • a)
    Bills Receivable A/c Dr. To B 
  • b)
    B Dr.To Bills payable A/c 
  • c)
    B Dr.To Bills Receivable A/c 
  • d)
    No entry will be required/Passed
Correct answer is option 'D'. Can you explain this answer?
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A’ draws a bill on ‘B’, but ‘B’ did not ...
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A’ draws a bill on ‘B’, but ‘B’ did not ...
Bill is not accepted
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A’ draws a bill on ‘B’, but ‘B’ did not accept the same. Which of the following journal entry should be passed in the books of ‘A’.a)Bills Receivable A/c Dr.To Bb)B Dr.To Bills payable A/cc)B Dr.To Bills Receivable A/cd)No entry will be required/PassedCorrect answer is option 'D'. Can you explain this answer?
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A’ draws a bill on ‘B’, but ‘B’ did not accept the same. Which of the following journal entry should be passed in the books of ‘A’.a)Bills Receivable A/c Dr.To Bb)B Dr.To Bills payable A/cc)B Dr.To Bills Receivable A/cd)No entry will be required/PassedCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A’ draws a bill on ‘B’, but ‘B’ did not accept the same. Which of the following journal entry should be passed in the books of ‘A’.a)Bills Receivable A/c Dr.To Bb)B Dr.To Bills payable A/cc)B Dr.To Bills Receivable A/cd)No entry will be required/PassedCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A’ draws a bill on ‘B’, but ‘B’ did not accept the same. Which of the following journal entry should be passed in the books of ‘A’.a)Bills Receivable A/c Dr.To Bb)B Dr.To Bills payable A/cc)B Dr.To Bills Receivable A/cd)No entry will be required/PassedCorrect answer is option 'D'. Can you explain this answer?.
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