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Write True Or False the Inland Bill Which is Drawn in and Payable in the Same Country. - Book Keeping and Accountancy

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Question

Write True or False.
The inland bill which is drawn in and payable in the same country.

Options

  • True

  • False

MCQ
True or False

Solution

True
Explanation: An inland bill is a bill that is drawn and made payable in the same country. On the other hand, a bill that is drawn in one country and made payable in another is known as foreign bill.

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Necessity of Bill of Exchange (Only Trade 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 9 | Page 316
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