New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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) Correct Answer Incorrect Answer
    B Debit Sahil and Credit Anil (with the amount ₹1,010) Correct Answer Incorrect Answer
    C Credit Sahil and Debit Anil (with the amount ₹1,010) Correct Answer Incorrect Answer
    D Credit Sahil and Debit Aman (with the amount ₹1,000) Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next