The purpose of accommodation bill is :

To finance actual purchase or sale of goods

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

To facilitate trade transmission

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

When any one or both parties are in need of funds

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

None of the above

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

Open in App

Solution

The correct option is C
When any one or both parties are in need of funds

The purpose of accommodation bill is when any one or both parties are in need of funds.

Suggest Corrections

Similar questions

Purchase and sale of goods and services in large quantities for the purpose of resale or intermediate use is referred to as ___

Q. In a contract of sale, ordinary there is _______ as to the quality or fitness for any purpose of goods.

Q. Agent who is authorized to sell goods or consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is known as ______.

Q. ____________ is levied on supply of goods and/or services when both the parties to the transactions are located in the same state.

Which of the following refers to a mechanism or an arrangement that facilitates contact between the buyers and sellers for the sale and purchase of goods and services?

Join BYJU'S Learning Program

The purpose of accommodation bill is :

The correct option is C When any one or both parties are in need of funds The purpose of accommodation bill is when any one or both parties are in need of funds.

The correct option is C
When any one or both parties are in need of funds

The purpose of accommodation bill is when any one or both parties are in need of funds.