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