Accountancy, asked by craigandrewandy294, 10 months ago

Briefly explain the effects of dishonour and noting of a bill of exchange.

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Answered by Anonymous
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Briefly explain the effects of dishonour and noting of a bill of exchange. Adishonoured bill implies that the drawee has failed to make the payment on the date of maturity. Consequently, the liability of the acceptor is restored and the entries made upon receiving the bill should be reversed. \

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