# The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to? with Answer - Accounting Mcqs | TestPrep

> Solved MCQ: The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to Correct Answer: C. Remitting or receiving the amount. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to

Direct Answer & Quick Reference

The correct option is **C. Remitting or receiving the amount**.

A. Discounting of the bill with the bank

B. Payment of the bill on due date

C. Remitting or receiving the amount **(Correct Answer)**

D. Sending the bill to bank for collection

✨ Explain with AI

Verified Key: C. Remitting or receiving the amount
Solved by 4,221+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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