Relevant Competitive Tests:
Under which of the following situations, is journal entry not passed in the books of the drawer?
A. When a discounted bill is honoured by the drawee on the due dateCorrect Answer
B. When a bill is sent to the bank for collection
C. When a bill is renewed at the request of the drawee
D. When a debtor accepts a bill drawn by the drawer
Correct Option: A. When a discounted bill is honoured by the drawee on the due date
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