Multiple Choice Questions on On dishonor of a discounted bil l whom does the bank look for payment ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

On dishonor of a discounted bil l whom does the bank look for payment ........

Accountancy (11th) Chapter-8 Bills of exchange
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    On dishonor of a discounted bil.l whom does the bank look for payment?

    Drawer

    Correct Answer

    Payee

    Incorrect Answer

    Endorser

    Incorrect Answer

    none

    Incorrect Answer
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    Explanation:

    Drawer(the person who had received B/R) because he had discounted the bill from the bank and now he's liable for it's dishonour. But later he can claim this amt. from drawee.

    By: santosh
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