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!