Chapter: Bills of Exchange· Book-Keeping & Accountancy

Before acceptance the bill is called a/an _______.

Q.1 (A) (ii) Before acceptance the bill is called a/an _______.

A. order

B. request

C. draft

D. instrument

Doubtly Asked 29 Oct 2026 Board exam · July 2025 hsc 12th Save WhatsApp Report

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Answer: C. draft

Answer: (c) draft

A bill of exchange that has been drawn by the drawer but not yet accepted by the drawee is only a draft. It becomes a bill of exchange once the drawee writes his acceptance on it.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Before acceptance the bill is called a/an _______.

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