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Endorsement, discounting and collection of bills of exchange is made by

A. Debtors

B. Creditors

C. Drawee

D. Drawer

Answer: Option D

Solution(By Examveda Team)

Endorsement, discounting and collection of bills of exchange is made by Drawer. The individual or firm that issues or signs a draft instructing the drawee to pay a specified sum of money to, or to the order of, a named person (payee), or to bearer.

This Question Belongs to Commerce >> Accounting

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