Bills Receivable and Bills Payable Account – Final Accounts from Incomplete Records

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BACHELOR OF COMMERCE – B.Com Solved Assignments for July 2019 and January 2020 Admission Cycles

BCOM Tutor Marked Solved Assignment

Course Code : ECO – 02
Course Title : Accountancy – I
Assignment Code : ECO-02/TMA/2019-20
Coverage : All Blocks

ECO – 02 Accountancy – I Solved Assignment for 2019-20

Question 4. (a) Under what circumstances would you prepare Bills Receivable Account and Bills Payable Account while preparing final accounts from incomplete records? Explain

ANSWER: