Accommodation bill is drawn
To finance actual purchase or sale of goods
Incorrect AnswerTo facilitate trade transmission
Incorrect AnswerTo cater the fund requirements of both the parties
Correct AnswerNone of the above
Incorrect AnswerExplanation:
Accommodation bill is drawn to cater the fund requirements of both the parties. A bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration to enable that other to raise money or obtain credit thereby.
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By: honey kaundal