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Write True Or False Honour of a Bill Means Payment in Accordance with the Apparent Tenor of the Bill. - Book Keeping and Accountancy

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Question

Write True or False.
Honour of a bill means payment in accordance with the apparent tenor of the bill.

Options

  • True

  • False

MCQ
True or False

Solution

True
Explanation:
 A bill is said to be honoured when the acceptor of the bill makes payment on the due date specified in the bill.

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Honouring of Bill
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Chapter 9: Bill of Exchange (Trade Bill) - Exercise 3 [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 3 | Q 4 | Page 316
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