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When Acceptor or Drawee does not pay the amount of bill to the holder on the due date it is known as ___________ the bill. - Book Keeping and Accountancy

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Question

When Acceptor or Drawee does not pay the amount of bill to the holder on the due date it is known as ___________ the bill.

Options

  • Returning

  • Discounting

  • Honouring

  • Dishonouring

MCQ
Fill in the Blanks
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Solution

When Acceptor or Drawee does not pay the amount of bill to the holder on the due date it is known as dishonoring the bill.

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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. 9) | Page 301
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