Write True or FalseRetirement of bill means payment of the bill before

1.	Write True or FalseRetirement of bill means payment of the bill before due date.OptionsTrueFalse
Answer» True Explanation: When the drawee makes the payment of the bill before its due date, it is known as retiring the bill. In such cases, the holder of the bill usually allows discount, which is known as rebate.

Write True or FalseRetirement of bill means payment of the bill before due date.OptionsTrueFalse

Answer»

True

Explanation: When the drawee makes the payment of the bill before its due date, it is known as retiring the bill. In such cases, the holder of the bill usually allows discount, which is known as rebate.

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Write True or FalseRetirement of bill means payment of the bill before due date.OptionsTrueFalse

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