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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
    If the bill is accepted and the amount is given before the due date (i.e. maturity), then the bill is said to be

    A)  Cancelled                                             

    B)  accepted

    C)  Retired                                                 

    D)  dishonor

    Correct Answer: C

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