WebNoting charges are to be borne by the drawee only as due to his act of non-payment, the bill is dishonoured and the drawer is not able to get money on its due date. Please log in or … WebApr 11, 2024 · A bill of exchange comprises 3 parties: Drawer, Drawee, and Payee. Drawer: The drawer issues the bill of exchange. The bill is signed by Drawer, the maker of the bill of exchange. A drawer also referred to as a creditor who is authorized to receive payment from the debtor can draw a bill of exchange.

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WebThe following are the three parties involved in a bill of exchange. 1. Drawer: Drawer is the maker of the bill of exchange. He/she is the seller/creditor who is entitled to receive money from the debtors. Drawer draws the bill of exchange upon the buyer or debtor. Drawer, being the maker of the bill of exchange, is required to sign it . 2. WebCorrect option is B) Noting charges are the amounts paid by the drawer to notary , who warns the drawee of the bill to get clear in a specific time period . Was this answer … reachrmcc.com

MCQs for Accountancy Class 11 with Answers Chapter 8 Bill of Exchange

WebCorrect option is B) Noting charges are the amounts paid by the drawer to notary , who warns the drawee of the bill to get clear in a specific time period . Was this answer … WebNoting charges refer to the charge of a dishonest exchange bill. Noting charges are to record an event where a bill of exchange is disrespected by monetary science and it is used as evidence of disrespect. The charge on the note has to be borne by the draw because it has not been paid. WebThe noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by. Who bears noting charges in case of dishonor of a bill of exchange. On … reachrable battery health