Which of the Following Exists If the Maker of a Promissory

question 74

Multiple Choice

Which of the following exists if the maker of a promissory bill fails to pay the bill on the due date?

• A)A depreciated bill
• B)A dishonoured bill
• C)An amortised bill
• D)A discounted bill

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Definitions:

Indirect Costs

Costs that are not directly accountable to a cost object, such as overhead and administrative expenses.

Production Plant

A facility where goods are manufactured or assembled, using labor and machinery.

Given Unit

A specific quantity or measure that serves as a standard or reference for tasks or calculations in various contexts.

Cash Discount

is a reduction in the invoice amount offered to purchasers as an incentive for early payment, improving cash flow.