Question

Aman received a bill from Sahil for ₹1,000. On

maturity, the bill is dishonored and ₹10 are paid as noting charges. Aman has endorsed this bill in favor of Anil. The correct entry for the dishonored bill in Aman's books will be:

A Debit Sahil and Credit Aman (with the amount ₹1,000)

B Debit Sahil and Credit Anil (with the amount ₹1,010)

C Credit Sahil and Debit Anil (with the amount ₹1,010)

D Credit Sahil and Debit Aman (with the amount ₹1,000)

Practice Next

More Welfare Economics Questions

National Fire Service Day is observed on April 14 to commemorate the 1944 Bombay Dock Explosion. What was the name of the British cargo ship that caught...
Recently Jeff Bezos announced that Andy Jessy is going to take over as CEO of Amazon from___?
For the first time, fresh figs from Purandar taluka of Maharashtra's Pune district with GI tags have been exported to which country in Europe?
Which Indian government body published the report titled “Chemical Industry: Powering India’s Participation in Global Value Chains”?
Which ministry hosted the 'Run for Sun' Marathon in New Delhi to celebrate International Sun Day?
______ state/UT has initiated an awareness programme for the growing, cultivation and processing of Aromatic plants.
Abu Dhabi Investment Authority (ADIA) backed IIFL Home Finance has raised about ________ from the International Finance Corporation (IFC) for affordable...
What was a key reason for RBI imposing a 'cease and desist' order on the four NBFCs recently (Oct 2024)?
Who scored the winning goal for Arsenal Women in the 2025 UEFA Women’s Champions League final?
What percentage reduction did India achieve in its under-five mortality rate, as per the UN child mortality estimation 2024 report?

Aman received a bill from Sahil for ₹1,000. On

Solution