Bill of Exchange — Account STD 11 Commerce — Question

For goods returned by customer __________ A/c is debited.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill is dishonoured and the noting charges are paid by the endorsee, the account to be credited is _____________.

Premium paid on the life insurance policy of the proprietor will be debited to __________ A/c.

Sale of goods to X for Cash will be Credited to __________ A/c.

Amount which the firm owes to outsiders is known as ______.

Rule of ___________ A/c is “debit what comes in and credit what goes out".

Three days added for ascertaining the date of maturity of bill of exchange are called ____________.

Outstanding rent will be debited to __________ A/c.

Ledger account gives the folio of …..

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill is dishonoured, the account to be debited is ____________.