Multiple choice

Accomodation bills are drawn

  1. for trade purpose

  2. in the absence of any consideration

  3. for financial assistance

  4. Both 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Accomodation bills are drawn in absence of any consideration as well as for financial assistance to each other, as explained earlier. So this is the correct answer.

Keep practicing — related questions