Journal Entry : Bill Dishonoured, Bill Discounted with Bank

Jarnol entry is always credit

1. Bill Dishonoured ↓

Drawee Dr.

To Bills Receivable A/c

To Cash or Bank A/c

Bills Payable A/c Dr.

Noting Charges A/c Dr.

To Creditor [Drawer]

2. Bill Discounted with Bank ↓

Cash or Bank A/c Dr.

Discounting Charges A/c Dr.

To Bills Receivable A/c

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