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Give word/term or phrase for the following statement. Officer appointed by the Central Government for noting of dishonor of a bill - Book Keeping and Accountancy

One Word Answer

Give word/term or phrase for the following statement.

Officer appointed by the Central Government for noting of dishonor of a bill

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Solution

Officer appointed by the Central Government for noting of dishonor of a bill. - Notary Public.

Explanation: Notary Public is an officer appointed by the Central or State Government and has the power of noting Negotiable Instruments at the time of their dishonour.

Concept: Basic Term of Bills of Exchange - Noting Charges
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 9 Bill of Exchange (Trade Bill)
Exercise | Q 17 | Page 316
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