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Answer the following question in one sentence only. What are Noting Charges? - Book Keeping and Accountancy

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प्रश्न

Answer the following question in one sentence only.

What are Noting Charges?

एक पंक्ति में उत्तर

उत्तर १

Noting charges are the fees paid to the Notary public for recording the fact of dishonoured bill.

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उत्तर २

When a bill is presented for payment and the acceptor fails to make the payment, the bill gets dishonoured. In order to keep a legal proof of such dishonour, the bill gets noted by the Notary Public (who is approved by the government). In exchange for the notary service, the Notary Public charges fees known as noting charges.

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Basic Term of Bills of Exchange - Noting Charges
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 9: Bill of Exchange (Trade Bill) - Exercise 1 [पृष्ठ ३१६]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 9 Bill of Exchange (Trade Bill)
Exercise 1 | Q 11 | पृष्ठ ३१६
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