1.

Ram received a bill from Anil on 1/7/2009 for 3 months for Rs. 4,000. Later the bill has been endorsed to Kumar. In this statement identify the parties involved in terms of drawer, drawee endorser and payee.

Answer»
  • Drawer – Ram 
  • Drawee – Anil 
  • Payee – Kumar 
  • Endorsee – Kumar


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