Examveda
Examveda

_____ is not required in Promissory Note

A. Acceptance

B. Noting

C. Discounting

D. None of the above

Answer: Option A

Solution(By Examveda Team)

Acceptance is not required in Promissory Note. It does not require any acceptance because payer is only the maker of the promissory note. It requires acceptance by the drawee or someone else on his behalf as the drawer is not the payer.

This Question Belongs to Commerce >> Accounting

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