When a drawer discounts a bill, he debits?
Correct!
Wrong!
A person who is ordered to pay a bill of exchange is called?
Correct!
Wrong!
Interest on renewal of a bill is an expense to the?
Correct!
Wrong!
Bill payable account is a?
Correct!
Wrong!
A bill of exchange is drawn by?
Correct!
Wrong!
The person to whom the bill is transferred will become?
Correct!
Wrong!
When a bill is dishonored, the holder of the bill goes to an official called?
Correct!
Wrong!
The bill become payables at any time when they are presented by the holder are called?
Correct!
Wrong!
When a drawee is declared insolvent, which account is to be debited in the books of drawer?
Correct!
Wrong!
In case of retirement of bill, the rebate or discount is a revenue for the?
Correct!
Wrong!