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  • Accounting for Special Transactions
  • A promissory note does not require
Multiple choice

A promissory note does not require

  1. noting

  2. discounting

  3. acceptance

  4. none of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Unlike Bill of Exchange, a Promissory note does not require any acceptance since it is signed by the persons who is liable to pay.

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