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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 3

the bill is retained by Mamta for three months and the amount of

Chapter 8: Bill of Exchange · ACCOUNTANCY

the bill is retained by Mamta for three months and the amount of Rs. , is received by her on the due date then Mamta will be the payee. If Mamta gives away this bill to her creditor Ruchi, then Ruchi will be the payee. If Mamta gets this bill discounted from the bank then the bankers will become the payee.

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