Multiple choice

Noting charges are paid when a

  1. bill is discounted

  2. bill is paid on or before the due date

  3. bill is dishonoured on due date

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

If the bill is not paid on due date, to give a proof that bill was dishonoured despite its due presentation has got to be noted by 'Notary Public'. A fees is charged for this.

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