Multiple choice

Directions: State whether the following statement is True Or False.Accommodation bill is one, which is drawn without any consideration and is generally for round sums.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An accommodation bill is a bill of exchange drawn, accepted, or endorsed for the purpose of raising funds rather than for settling a genuine trade debt. These are typically drawn for round sums.

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