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

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyBills of Exchange1 Mark
Question
When is a bill said to be honoured?
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Answer

A bill of exchange is said to be honoured or met when the acceptor or drawee makes payment on its due date.

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