CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Accommodation of Bill

Acceptance wi...

Question

Acceptance with some changes as regards the terms of bill ___________________.

A

General acceptance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Invalid acceptance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Qualified acceptance

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Special acceptance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Qualified acceptance
After drafting the bill it is sent for acceptance to the drawee.
If drawee accepts the bill by making some change with respect to place, amount, period . It is called conditional or qualified acceptance.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Write True or False

Acceptance with some change as regards the terms of a bill general acceptance.

Q. A bill drawn and accepted for a genuine trade transaction is termed as a(n)_________ bill.

Q. Write True or False

Acceptance without making any change in the terms of a bill is called general acceptance.

Q. Kinds of Negotiable Instruments
A bill drawn and accepted for a genuine trade transaction is termed as a/an - .

Q. Give word / term or phrase for each of the following statement.

Acceptance with some changes as regards the terms of a bill.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Special Cases

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Accommodation of Bill

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon