Accountancy, asked by arvindkumar040576, 6 months ago

The acceptor of a bill of exchange is called ​

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Answered by YashodharPalav5109
6

Answer:

There are 3 parties involved in a payment by bill of exchange: ... the beneficiary or payee is the party to which the bill of exchange is payable; the drawee is the party to which the order to pay is sent - 'the debtor'. The drawee becomes the acceptor when he/she/it has written the acceptance on the bill of exchange.

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