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Commerce · Q365

Accounting

Graduate and Post Graduate · Commerce · question 365

Q365

Promissory note is prepared by

A.
Drawer
Answer
B.
Endorsee
C.
Drawee
D.
All of the above

Answer: Option A

Solution

Answer: Option A
Solution:
Promissory note is prepared by Drawer. Promissory note is prepared and signed by the a person / organisation ( borrower) while borrowing money from a lender.
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