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Renewing the Bill

If the second...

Question

If the second bill is drawn and accepted under fresh terms of agreement, it is termed as ?

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 D
Renewal of the bill

It is termed as Renewal of the bill.

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Renewing the Bill

Standard XI Accountancy

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