Question
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B
for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fails to pay. Who bears the financial loss, and how is the accounting entry passed?Solution
On dishonour, the drawer reinstates the receivable. Entry: Mr. B A/c Dr. To Bank A/c → Mr. A bears the financial loss until recovery.
Light falling on colloidal particles leads to scattering of light. This phenomena is called:
Which one among the following observations pertaining to the works of Nineteenth- Twentieth Century archaeologists is not correct?
In a basketball game, how many players from one team play on the court at any given time?
Which of the following companies is listed on the New York Stock Exchange (NYSE)?
Who was the first winner of the Pro Kabaddi League?
Which of the following microfinance institutions was established in India at the time of independence?
Shree Narayana Dharma Paripalana Yogam (SNDP), founded in 1903, to carry on the work of social reform was active in which of the following states?
Deficiency of iodine results in an insufficient amount of the ________hormone.
Where would you find the Atacama Desert?
_______is the brightest planet in the Solar system.
