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Homework answers / question archive / On 1/4/2017, the Bank of Jordan received a bill of 15000 from the client (Amman Company) to collect it from the debtor Ahmed on 1/8/2017 and the collection commission amounted to JD 40 and the postage revenue of JD 4 1

On 1/4/2017, the Bank of Jordan received a bill of 15000 from the client (Amman Company) to collect it from the debtor Ahmed on 1/8/2017 and the collection commission amounted to JD 40 and the postage revenue of JD 4 1

Accounting

On 1/4/2017, the Bank of Jordan received a bill of 15000 from the client (Amman Company) to collect it from the debtor Ahmed on 1/8/2017 and the collection commission amounted to JD 40 and the postage revenue of JD 4 1. the Credit current account of Amman company shall debited on 14 2017 at the amount of (JD): A 15440 B 44 C. 14956 D 40
2. When the bill is collected at maturity date, the cancellation (closing) of the systematic (Contra) Entry on 1/8/2017 is: A. Dr Endorsers of bills for collection 15000 Cr Bills for collection 15000 B Dr Bills for collection 15000 Cr Endorsers of bills for collection 15000 C. DE CCA-Amman company 44 Cr Collection commission on bills of collection 40 Cr postal revenue 4 D De cash 15000 CECCA - Amman Company 15000

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