English

An Honour of Bill Means Payment in Accordance with the Apparent Tenor of the Bill. - Book Keeping and Accountancy

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Question

An honour of bill means payment in accordance with the apparent tenor of the bill.
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Solution

True

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

 

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2013-2014 (March)

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