wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

If the bill is paid on the date of maturity, it is termed as of the bill.

A
discounting
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
honoring
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
dishonoring
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
renewal
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B honoring
When a bill is paid on maturity, it is known as honoring of the bill of exchange.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Accounting Aspect
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon