MyQuestionIcon

1

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

Dishonour of the Bill

In case of di...

Question

In case of dishonor of the bill when the bill is endorsed, should get the bill noted.

A

drawer

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

B

drawee

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

C

endorser

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

D

endorsee

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

Open in App

Solution

The correct option is D endorsee
In case the bill endorsed gets dishonored, the endorsee should get the bill noted from notary public.

Suggest Corrections

thumbs-up

0

Similar questions

In case of Dishonor of bill when the bill is endorsed, who should get the bill noted?

Q. In case the bill endorsed gets dishonored, the noting charges should be borne by .

Q. when endorsed bill is dishonored ______ A/c is Debited.

Q. Calculate Bills Drawn and Accepted if :

Bills receivable drawn in customers opening balance of bills Rs.7000
Bills received endorsed to creditors Rs.1000
Bill dishonored by customers Rs.2000
Bills collected Rs.13000
Closing Balance of Bills Receivable Rs 5000

Q. Ram endorsed a bill to Ramesh drawn upon Ravan and it got dishonored at the time of maturity. In this case, account shall be credited in Ram's books.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Dishonour of the Bill

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Dishonour of the Bill

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon