Question

(A) Assertion: Bill receivable endorsed are debited to Creditors Account 

(B) Reason: Bills receivable is received from Debtors is credited to Debtors A/c 

(a) Both (A) and (B) are correct 

(b) (A) is correct and (B) is in correct 

(c) Both are correct 

(d) (A) is incorrect but (B) is correct

Answer 1

(a) Both (A) and (B) are correct