When Drawer discounting his bills and receive cash from bank
in the books of bank the entry is
Bills Discounted A/c Dr.
To Drawer's current A/c
To Discount A/c
👆👆👆👆👆My query is why we are crediting the Drawer's current A/c ... whether it is a liability to the bank?¿
kindly help me
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Bills of exchange
Replies (9)
what is Drawers current account sir....
whether it is a liability?
and what liability?¿
whether it is a liability?
and what liability?¿
Sir, But the bank doesn't show the amount paid by it
as crediting the cash account
...
instead of that it crediting the drawers personal account....
And also after the bill which is dishonoured the bank again debiting his current account .....
so confusing ?¿
(its k sir "Net is slow")
as crediting the cash account
...
instead of that it crediting the drawers personal account....
And also after the bill which is dishonoured the bank again debiting his current account .....
so confusing ?¿
(its k sir "Net is slow")
Tnx a lot sir !¡😊!¡
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