Which of the following statements is/are false?
A) Accommodation bills are drawn for the benefit of drawer only
B) Bills sent for collection is an asset
C) Bills of exchange cannot be drawn on a banker
D) Both (a) and (c) above
Correct Answer:
Verified
Q12: Find the cost of goods sold if
Q13: Find the value of opening stock from
Q14: A Bill of Exchange is drawn on
Q15: Which of the following statements is/are true?
A)Noting
Q16: When bill discounted with the bank is
Q18: In the books of the drawer, the
Q19: The noting charges levied on dishonour of
Q20: The drawer of a trade bill passes
Q21: Under which of the following situations, is
Q22: Which of the following is not a
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