Multiple choice

Directions: Choose the correct option for the given question.

Which of the following will not be entertained in Endorsee's book?

  1. Endorsee discounted the bill

  2. Endorsee endorsed the bill in favour of some other party

  3. Endorsee received the payment before the maturity

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

The endorsee is the person who receives the bill. They can discount it, endorse it further, or receive payment. Therefore, all these are entertained in their books.

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