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  • Accounting for Special Transactions
  • Who bears the noting charges of the dishonoured bill ulti...
Multiple choice

Who bears the noting charges of the dishonoured bill ultimately?

  1. Drawer

  2. Drawee

  3. Endorsee

  4. Bank

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

The drawee is required to bear the noting charges in the end. The noting charges may be paid initially by drawer, endorsee, or bank but ultimately these are recovered from the drawee.

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