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Querist : Anonymous

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Querist : Anonymous (Querist)
12 April 2012 what is the jounal entry of bills endorsement...?
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
14 April 2012 Assuming that bills are receivable here and settled against a liability.
Creditors A/c Dr
To Bills receviable A/c
If the bills are discounted with bank
Bank A/c Dr
Discount A/c Dr
To Bills Receivable A/c
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 April 2012 The expert has given proper guidance and I agree with him
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