Multiple choice

Which one of the following is an example of an unpaid seller?

  1. Z sells goods of Rs 4,000 to X on credit of four months. After four months X pays Rs 4,000 to Z in cash.

  2. A sells goods of Rs 2,000 to B and B accepts a bill for three months. On due date, the bill is dishonoured.

  3. P sells goods of Rs 2,400 to Q and Q pays the amount by cheque.

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 It is a case of an unpaid seller. A has not been paid as the bill is dishonoured on due date, so he is an unpaid seller. B has not been able to pay the bill ( dishonoured ).

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