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Bills of Exchange — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyBills of Exchange2 Marks
Question
A bill of exchange is a negotiable instrument.
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Answer

This statement is True.
Being a negotiable instrument, a bill of exchange is a written acknowledgment of debts and also a promise to pay the debt according to the terms of the bill and can be transferred from one person to another.

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