(Case - III)
In the books of Z (Endorsee)
Journal
B. When Bill is dishonoured on date of maturity.
Case I - Bill is retained by the drawer till date of maturity.
Note :
Entry passed in the book of Drawee will be SAME in all cases.
Cass II - Bill is discounted by the drawer from his bank, the following entry is passed, at the time of maturity, if the bill is dishonoured.
Case III - When bill is endorsed in favour of a creditor (At the time of Dishonour of a Bill)
(At the time of Dishonour of a bill)
Case IV- When Bill is sent for collection to Bank (At the time of Dishonour of a Bill)
CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari )
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