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Answer the Following Question in One Sentence Only. When is the Bill Said to Be Dishonoured? - Book Keeping and Accountancy

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Question

Answer the following question in one sentence only.
When is the bill said to be dishonoured?

One Line Answer

Solution

When the acceptor of the bill refuses to pay the amount of the bill on the date of maturity, the bill is said to be dishonoured.

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Dishonour of Bill
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Chapter 9: Bill of Exchange (Trade Bill) - Exercise 1 [Page 316]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 9 Bill of Exchange (Trade Bill)
Exercise 1 | Q 8 | Page 316
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