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If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time of endorsement involves?

(A) Credit Endorsee‘s Account
(B) Debit Endorsee‘s Account
(C) Debit Bills Receivable Account
(D) Credit Bills Payable Account

►Correct Option

Correct Option is: B

Accounting McqsAccounting Interview Questions, Accounting Mcqs, Accounting Questions, Cost accounting Mcqs, Financial Accounting Mcq

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