Bills receivable endorsed are debited to

A. Bills Payable A/c

B. Debtor's A/c

C. Endorsee A/c

D. Bills Receivable A/c

Answer: Option C

Solution(By Examveda Team)

Bills receivable endorsed are debited to Endorsee A/c. The endorsee will be the owner of the bill and he will realise the payment of the bill on the due date from the drawee.