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Give one word/phrase/term which can substitute the following statement:- A person who is entitled to receive the amount of bill of exchange. - Book Keeping and Accountancy

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Question

Give one word/phrase/term which can substitute the following statement:-

A person who is entitled to receive the amount of bill of exchange.

One Word/Term Answer
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Solution

A person who is entitled to receive the amount of bill of exchange. - Payee.

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Chapter 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [Page 301]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q B. 3) | Page 301
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