Examveda
Examveda

Accommodation bill is drawn

A. To finance actual purchase or sale of goods

B. To facilitate trade transmission

C. To cater the fund requirements of both the parties

D. None of the above

Answer: Option C

Solution(By Examveda Team)

Accommodation bill is drawn to cater the fund requirements of both the parties. A bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration to enable that other to raise money or obtain credit thereby.

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