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Retiring the Bill

If the amount...

Question

If the amount of a bill of exchange is paid before due date it is called

A

Discounting of bill

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B

Retiring the bill

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C

Dishonor of the bill

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D

Renewal of the bill

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Solution

The correct option is B
Retiring the bill

If the amount of a bill of exchange is paid before due date it is called Retiring the bill.

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Retiring the Bill

Standard XI Accountancy

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