Relevant Competitive Tests:
The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
A. Discounting of the bill with the bank
B. Payment of the bill on due date
C. Remitting or receiving the amountCorrect Answer
D. Sending the bill to bank for collection
Correct Option: C. Remitting or receiving the amount
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