Multiple choice

A B/R, received from Mr. A is endorsed in favour of Mr. B for Rs. 3,000. The correct entry is

  1. A's A/c Dr 3000
    To B's A/c 3000
  2. B/R A/c Dr 3000
    To B's A/c 3000
  3. B's A/c Dr 3000
    To B/R A/c 3000

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

B would be debited, as he has received the bill. B/R would be credited, as that bill has gone out.

Keep practicing — related questions