Maharashtra State BoardHSC Commerce 12th Board Exam
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A Bill Which is Drawn in One Country and Made Payable in Other Country is Called __________. - Book Keeping and Accountancy

MCQ

A bill which is drawn in one country and made payable in other country is called __________.

Options

  • inland bill

  •  hundi
  • foreign bill

  • promissory note

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Solution

A bill which is drawn in one country and made payable in other country is called foreign bill.

Explanation:

A bill of exchange drawn in one country and payable in another country is known as a foreign bill of exchange. For example, a bill, drawn in India and payable in USA, is a foreign bill.

Hence, the correct answer is option (c).
Concept: Bill of Exchange Examples and Solutions
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