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- 1. Multiple Choice
Abu drew a bill on Muthu.
What is the double entry of the above transaction in the books of drawer?
Dr. Bills Receivable
Cr. Muthu
Dr. Bills Receivable
Cr. Abu
Dr. Abu
Cr. Bills Payable
Dr. Muthu
Cr. Bills Payable
- 2. Multiple Choice
Sam drew a bill on Benjamin.
What is the double entry of the above transaction in the books of drawee?
Dr. Bills Receivable
Cr. Benjamin
Dr. Bills Receivable
Cr. Sam
Dr. Sam
Cr. Bills Payable
Dr. Benjamin
Cr. Bills Payable
- 3. Multiple Choice
A bill accepted by Andrew was met on maturity.
What is the double entry of the above transaction in the books of drawer?
Dr. Bills Receivable
Cr. Andrew
Dr. Andrew
Cr. Bills Payable
Dr. Bank
Cr. Bills Receivable
Dr. Bills Payable
Cr. Bank
- 4. Multiple Choice
A bill accepted two months ago by Yuzhou was met on maturity.
What is the double entry of the above transaction in the books of drawee?
Dr. Bills Receivable
Cr. Yuzhou
Dr. Yuzhou
Cr. Bills Payable
Dr. Bank
Cr. Bills Receivable
Dr. Bills Payable
Cr. Bank
- 5. Multiple Choice
A two-month bill drawn by Jamil on Metro was dishonoured on due date.
What is the double entry of the above transaction in the books of drawer?
Dr. Metro
Cr. Jamil
Dr. Metro
Cr. Bills Receivable
Cr. Bank - Noting Charges
Dr. Bills Payable
Dr. Noting Charges
Cr. Metro
Dr. Jamil
Cr. Bills Receivable
Cr. Bank - Noting Charges
- 6. Multiple Choice
A two-month bill drawn by ABC for us was dishonoured on due date.
What is the double entry of the above transaction in the books of drawee?
Dr. ABC
Cr. Bills Payable
Cr. Noting Charges
Dr. ABC
Cr. Bills Receivable
Cr. Bank - Noting Charges
Dr. Bills Payable
Dr. Noting Charges
Cr. ABC
Dr. Bills Receivable
Cr. ABC
Cr. Bank - Noting Charges
- 7. Multiple Choice
Soon Lee discounted a bill accepted by Claude at bank, and incurred charges of RM 100.
What is the double entry of the above transaction in the books of drawer?
Dr. Bank
Dr. Discounting Charges
Cr. Bills Receivable
Dr. Bank
Cr. Discounting Charges
Cr. Bills Receivable
Dr. Bank
Dr. Noting Charges
Cr. Bills Receivable
No entry required
- 8. Multiple Choice
A bill discounted with the bank was dishonoured at maturity date.
What is the double entry of the above transaction in the books of drawer?
Dr. Accounts Receivable
Cr. Bank
Cr. Bank - Noting Charges
Dr. Accounts Receivable
Cr. Bank
Cr. Noting Charges
Dr. Accounts Receivable
Cr. Bills Receivable
Cr. Bank - Noting Charges
Dr. Bills Payable
Cr. Accounts Payable
- 9. Multiple Choice
Bala negotiated a bill (accepted by Kien Chung) to Hui Chin.
What is the double entry of the above transaction in the books of drawer?
Dr. Hui Chin
Cr. Bills Receivable
Dr. Bala
Cr. Bills Receivable
Dr. Kien Chung
Cr. Bills Receivable
Dr. Hui Chin
Cr. Kien Chung
- 10. Multiple Choice
A bill negotiated to Accounts Payable was dishonoured on maturity date.
What is the double entry of the above transaction in the books of drawer?
Dr. Accounts Receivable
Cr. Bills Receivable
Cr. Bank - Noting Charges
Dr. Accounts Receivable
Cr. Accounts Payable
Dr. Accounts Receivable
Cr. Bank
Cr. Bank - Noting Charges
Dr. Accounts Receivable
Cr. Accounts Payable
Cr. Bank - Noting Charges
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