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P2 C4 Bills of Exchange — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C4 Bills of Exchange1 Mark
MCQ
Renewal of a bill means$………$
  • A
    Old bill is being written again in good hand writting
  • B
    New revenue stamp is affixed on old bill
  • ✓
    New bill with new period is drawn against old bill
  • D
    Bill is sent by an e-mail against old bill.
✓

Answer

Correct option: C.
New bill with new period is drawn against old bill

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