Multiple choice

X drew a bill on Y for Rs. 3, 000. X endorsed it to Z who endorsed it to W. The payee of the bill will be

  1. X

  2. Y

  3. Z

  4. W
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The party to whom amount is to be paid is known as Payee. Since X has endorsed the bill to Z who further endorsed it to W, amount would be finally be payable to W.

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