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Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:
- a)Kuntal
- b)Ram
- c)Shyam
- d)Rahim
Correct answer is option 'D'. Can you explain this answer?
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Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. R...
Bill of Exchange
A bill of exchange is a negotiable instrument that contains an unconditional order to pay a certain amount of money. It is a written document that is used in international trade transactions.
Parties Involved
There are three parties involved in a bill of exchange:
1. Drawer: The person who draws the bill and orders the payment.
2. Drawee: The person who is ordered to pay the bill.
3. Payee: The person to whom the payment is to be made.
Endorsement
Endorsement is a process by which the payee transfers his/her rights to another person. It is done by signing on the back of the bill.
In this case, Kuntal drew a bill of Rs 3000 on Shyam. Kuntal then endorsed it to Ram. Ram endorsed it to Rahim.
Payee of the Bill
The payee of the bill is the person to whom the payment is to be made. In this case, the bill was endorsed by Kuntal to Ram and then by Ram to Rahim. Therefore, Rahim is the payee of the bill.
A bill of exchange is a negotiable instrument that contains an unconditional order to pay a certain amount of money. It is a written document that is used in international trade transactions.
Parties Involved
There are three parties involved in a bill of exchange:
1. Drawer: The person who draws the bill and orders the payment.
2. Drawee: The person who is ordered to pay the bill.
3. Payee: The person to whom the payment is to be made.
Endorsement
Endorsement is a process by which the payee transfers his/her rights to another person. It is done by signing on the back of the bill.
In this case, Kuntal drew a bill of Rs 3000 on Shyam. Kuntal then endorsed it to Ram. Ram endorsed it to Rahim.
Payee of the Bill
The payee of the bill is the person to whom the payment is to be made. In this case, the bill was endorsed by Kuntal to Ram and then by Ram to Rahim. Therefore, Rahim is the payee of the bill.
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Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. R...
Here, Kuntal is drawer and Shyam is drawee. After acceptance of bill, Kuntal endorsed to Ram, where Ram endorsed to Rahim. So, Rahim is payee. So option D is correct.
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Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer?
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Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer?.
Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kuntal draws a bill on Shyam for Rs 3000. Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:a)Kuntalb)Ramc)Shyamd)RahimCorrect answer is option 'D'. Can you explain this answer?.
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