Journal for Dishonour Incase of Holding till Maturity
Noting charge...
Question
Noting charges is paid only in case of _______________ of a bill.
A
honour
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B
dishonour
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C
renewal
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D
retirement
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Solution
The correct option is B dishonour On Due date when drawee Dishonours the Bill ( fails to make payment) , this fact of dishonour is noted by the notary public authority. Fees charged for such services by the authority are called Noting charges.