English

Answer the Following Question in One Sentence Only. When is the Amount of Bill of Exchange Payable to a Specific Person? - Book Keeping and Accountancy

Advertisements
Advertisements

Question

Answer the following question in one sentence only.
When is the amount of bill of exchange payable to a specific person?

One Line Answer

Solution

The amount of the bill is payable either on demand or on the expiry of the fixed period mentioned in the bill.

shaalaa.com
Important Terms of Bills of Exchange - Term of Bill
  Is there an error in this question or solution?
Chapter 9: Bill of Exchange (Trade Bill) - Exercise 1 [Page 316]

APPEARS IN

Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 9 Bill of Exchange (Trade Bill)
Exercise 1 | Q 12 | Page 316
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×