When a bill of exchange is received and accepted by the drawee, what is the correct accounting entry recorded in the drawer's books?

Explanation

In the drawer's accounting records, upon receiving a bill of exchange accepted by the drawee, the correct entry is to debit Bills Receivable Account and credit Drawee's Account. This reflects that the drawer now holds a receivable from the drawee. Option C correctly identifies this treatment. Option A is incomplete as it omits the credit side. Option B is incorrect because the Drawee's Account is debited at the time of sale or advance, not upon acceptance of the bill. Option D incorrectly credits Sales Account at acceptance, whereas sales are recorded at the time of the actual sale transaction, not at bill acceptance. Therefore, only option C is accurate.