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There Are _____ Parties to a Bill of Exchange. - Book Keeping and Accountancy

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Question

There are _____ parties to a bill of exchange.

Options

  • Two

  •  Four
  • Three

  • Five

MCQ

Solution

There are three parties to a bill of exchange.

Explanation:

There are three parties to a bill of exchange. These are:

a. The drawer (maker of the the bill),

b. The drawee (acceptor of the bill),

c. The payee (receiver of the bill amount)

Hence, the correct answer is option (c).

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Parties to the Bill of Exchange
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2009-2010 (March)

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