X draws a bill on Y for Rs- 3-000- X endorsed this bill to Z- Who is the drawee-A- XB- None of the aboveC- YD- Z

The correct option is C Y Y is the drawee of the bill. ...

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

Byju's Answer

Standard XI

Accountancy

Parties of BOE

X draws a bil...

Question

X draws a bill on Y for Rs. 3,000. X endorsed this bill to Z. Who is the drawee ?

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

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

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 A
Y

Y is the drawee of the bill.

Suggest Corrections

Similar questions

X draws a bill on Y for Rs. 3,000. X endorsed this bill to Z. Y will pay the bill amount to :

Q. Bill of exchange
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will be ________.

Q. X draw a bill of exchange on Y who accepts it, X endorsed it in favour of Z who in turn endorse it in favour of Y. The contract stands _________.

On 1st January, 2016, X drew a bill on Y for Rs. 15,000 payable after 3 months. Y accepted the bill and returned it to X. After 10 days, X endorsed the bill to his creditor Z. On the due date, the bill was dishonoured and Z paid Rs. 300 as noting charges. Record the transactions in the books of X, Y and Z.

On 1st January, X sold goods worth Rs. 1,00,000 to Y and drew a bill on Y at 3 months for the amount. Y accepted the bill and returned it to X who endorsed the bill a month after the acceptance, in favour of a creditor Z in full settlement of his debt for Rs. 1,02,000. The bill is duly honoured at maturity. Pass the necessary journal entries in the books of X, Y and Z.

Join BYJU'S Learning Program

X draws a bill on Y for Rs. 3,000. X endorsed this bill to Z. Who is the drawee ?

The correct option is A Y Y is the drawee of the bill.

The correct option is A
Y

Y is the drawee of the bill.