Write True or False

Endorsement means transfer of title of the bill from debtor to creditor.

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Solution

True

Explanation: Endorsement means signing the bill for the purpose of transferring it to another. Hence, it can be transferred from debtor to creditor.

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Similar questions

Find out the credit purchases from the following:

	Rs
Balance of creditors April 01, 2016	45,000
Balance of creditors March 31, 2017	36,000
Cash paid to creditors	1,80,000
Cheque issued to creditors	60,000
Cash purchases	75,000
Discount received from creditors	5,400
Discount allowed	5,000
Bills payable given to creditors	12,750
Return outwards	7,500
Bills payable dishonoured	3,000
Bills receivable endorsed to creditors	4,500
Bills receivable endorsed to creditors dishonoured	1,800
Return inwards	3,700

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