Examveda
Examveda

A bill of exchange when drawn requires

A. Noting

B. Discounting

C. Acceptance

D. None of the above

Answer: Option C

Solution(By Examveda Team)

A bill of exchange when drawn requires acceptance. By acceptance, the drawee engages himself to pay the amount from the bill of exchange to the person who will bear or hold it on the due term.

This Question Belongs to Commerce >> Accounting

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