Download App

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

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyBills of Exchange1 Mark
MCQ
When a bill Is dishonoured, the _____________ is held responsible for the noting charges.
  • A
    holder
  • ✓
    drawee
  • C
    drawer
  • D
    endorser
✓

Answer

Correct option: B.
drawee
drawee

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Select the correct option (MCQ)" from Bills of Exchange→Bills of Exchange — all question types→Book Keeping & Accountancy STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

An amount received from the Insurance Company against the joint-life policy is _____________
→
In case of dissolution assets and liabilities cire transferred to ______________ Account.
→
From financial statement analysis the creditors are specially interested to know ____________
→
The capital with which a company is registered is called ____________
→
A bill drawn on 12th June, 2020 at two months would be payable on _____________
→
Donation for Scholarship Fund is ___________
→
A bill is drawn on 23rd October 2016 payable after 3 months, the due date of the bill will be _____________
→
The closing balance of Receipts and Payments Account usually represent ___________
→
Expenditure on Purchase of Building is a ___________ Expenditure.
→
The liability of shareholder in Joint Stock Company is ______________
→