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.
Which color is notably absent in the Ajanta cave paintings?
Election Commission of India has constituted a committee to bring about changes in the relevant laws in the context of rapid spread of social media....
On 19th June we observe which of these days?
Where is the Varaha Cave Temple located?
Before introduction of new private sector banks in 1990s, share of public sector banks in banking was?
अरावली पर्वत षिखर का सबसे ऊँचार षिखर कौनसा है ?
A battery is used to:
Which inscription tells about the attack on Garhwal by the Pala ruler of Bengal, Dharmapala?
Name the team which won the Hockey World League 2017 hosted by India
The minimum rate set by the Reserve Bank of India below which the banks are not allowed to lend to its customers is known as
