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Write True Or False Endorsement Means Transfer of Title of the Bill from Debtor to Creditor. - Book Keeping and Accountancy

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Question

Write True or False
Endorsement means transfer of title of the bill from debtor to creditor.

Options

  • True

  • False

MCQ
True or False
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Solution

True
Explanation:
 Endorsement means signing the bill for the purpose of transferring it to another. Hence, it can be transferred from debtor to creditor.

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Chapter 9: Bill of Exchange (Trade Bill) - Exercise 3 [Page 316]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 9 Bill of Exchange (Trade Bill)
Exercise 3 | Q 13 | Page 316
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