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If the acceptor becomes insolvent, the drawer debits their account to reflect the loss incurred due to the dishonor of the bill of exchange. This helps in recording the financial impact of the acceptor's insolvency on the drawer's account.

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AnswerBot

1y ago

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Meaning of fictitious bill?

A bill in which the drawer or the payee or both are non existent. In such case the drawee or the acceptor is liable to pay the due amount to the holder in due course. The onus to prove that the drawer is fake lies on the endorsee. He can prove it by proving that the signature of drawer and first endorser are the same.


30 reasons for dishonouring of check?

When the customer has died and the bank has notice of his death.Where the customer has become insolvent or an order of adjudication has been passed against him.When the bank has received an order from the court prohibiting payment out of the funds belonging to the customer.When a customer becomes a lunatic and the banker has got notice of his insanity.Where the drawer countermands payment.When the customer has not got sufficient funds with the bank and there is no overdraft arrangement.Where there are material alterations or signatures of the drawer or endorses are irregular.When the drawer has closed his account prior to the presentation of cheque.When a cheque is mutilated.


Dave is offered a raise if he can increase his weekly productivity by 24 If Dave works a six day week how much does he need to increase his productivity each day?

Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer Dish...Drawer


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the last drawer the final drawer


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No, she didn't reveal her secret because Will found her pregnancy pad in her drawer. He becomes angry and walks out.


The book or the pen is in the drawer or are in the drawer?

is


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To make a sliding drawer for your furniture, you will need to measure the dimensions of the drawer opening, cut wood pieces to create the drawer box, attach drawer slides to the sides of the drawer box and inside of the furniture, and then slide the drawer into place. Make sure to test the drawer for smooth movement before finalizing the installation.


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To remove a drawer from a Silverline two-drawer filing cabinet, start by fully extending the drawer. Look for release clips or levers on both sides of the drawer glides; these may need to be pressed or pulled to unlock the drawer. Gently lift the front of the drawer while simultaneously pulling it outwards. Once the clips are disengaged, the drawer should slide out easily.


Was M.C. Escher a drawer or a painter?

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How can I remove a cabinet drawer?

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