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The person who accepts the bill treats the bill as ________. - Book Keeping and Accountancy

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Question

The person who accepts the bill treats the bill as ________.

Options

  • Bills payable

  • Promissory note

  • Draft

  • Bills receivable

MCQ
Fill in the Blanks
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Solution

The person who accepts the bill treats the bill as bills payable.

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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 A. 10) | Page 301
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