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Question
The drawer opens a temporary account in his books when the bill is sent to the bank for collection. The name of the account is ______
Options:
A .  Owner`s Funds Account
B .  Drawee account
C .  Bills sent for collection account
D .  Bills Receivable account
Answer: Option C
:
C
The drawer opens a temporary account in his books, when the bill is sent to the bank for collection. The name of the account is Bills sent for collection account.

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