Write True Or False a Bill of Exchange is Signed by the Person on Whom It is Drawn. - Book Keeping and Accountancy
Write True or False.
A bill of exchange is signed by the person on whom it is drawn.
Explanation: A bill of exchange is not signed by the person on whom it is drawn (i.e. the drawee). Rather, it must be signed by the drawer (i.e. the maker) of the bill.
Concept: Accounting Treatment of Bill by the Drawer Or Holder and Drawee
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