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Question
Rebate or discount given on retiring a bill is an income to the drawee.
Options
Agree
Disagree
Solution
I agree with the given statement.
RELATED QUESTIONS
The person on whom a bill is drawn is called a ______.
Nothing charges are borne by ____________.
There are ___________ parties to bill of exchange.
The person who accepts the bill treats the bill as ________.
Give one word/phrase/term which can substitute the following statement:-
Three extra days which are allowed over and above the term of bill.
Give one word/phrase/term which can substitute the following statement:-
A person who is entitled to receive the amount of bill of exchange.
Give one word/phrase/term which can substitute the following statement:-
A person in whose favour a bill endorsed.
State True or False with reason:-
Retirement of bill means payment of the bill before due date.
State True or False with reason:-
Drawee can transfer the ownership of the bill.
Find the odd one:
Find the odd one:-
Answer in one sentence.
Who is payee of the bill?
Do you agree or disagree with the following statement:-
The party which is ordered to pay the amount is known as the payee.
Do you agree or disagree with the following statement:-
Renewal is request by Drawee to extend the credit period of the bill.
