In case of retirement, rebate is a revenue for .

drawer

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acceptor

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banker

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agent

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Solution

The correct option is B acceptor
Rebate is a revenue for acceptor as he needs to pay lesser amount than the about owed by him.

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Similar questions

In case of retirement, rebate is a revenue for ?

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A retires a bill for Rs. 1000 drawn on him by B for rebate of Rs. 10. By what cash amount should be credited in the books of B?

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