11. A person who is ordered to pay a bill of exchange is called?
Correct!
Wrong!
12. The bill become payables at any time when they are presented by the holder are called?
Correct!
Wrong!
13. A bill of exchange is drawn by?
Correct!
Wrong!
14. Interest on renewal of a bill is an expense to the?
Correct!
Wrong!
15. Bill payable account is a?
Correct!
Wrong!
16. In case of retirement of bill, the rebate or discount is a revenue for the?
Correct!
Wrong!
17. The person to whom the bill is transferred will become?
Correct!
Wrong!
18. When a bill is dishonored, the holder of the bill goes to an official called?
Correct!
Wrong!
19. When a drawee is declared insolvent, which account is to be debited in the books of drawer?
Correct!
Wrong!
20. When a drawer discounts a bill, he debits?
Correct!
Wrong!