Multiple choice

Directions: Choose the correct option for the given question.

Which of the following transactions doesn't require journal entry?

  1. Dishonour of bill due to non-acceptance

  2. Dishonour of bill due to non-payment

  3. Dishonour of bill and noted by Notary Public

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Non-acceptance of a bill means the bill was never formally accepted as a legal instrument, so there is no bill to dishonor in the books of accounts.

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