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Bill of Exchange — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBill of Exchange1 Mark
MCQ
A person who accepts bill is called _________.
  • A
    Drawer
  • B
    Drawee
  • C
    Acceptor
  • ✓
    Both B and C
✓

Answer

Correct option: D.
Both B and C
The person on whom the bill is drawn is called drawee. Bill needs to be signed (accepted) by the drawee, Therefore when drawee accepts the Bill, it also becomes the ACCEPTOR

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