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    Question

    Rahul sold goods worth ₹50,000 to Avika and drew a

    bill of exchange upon her for the same amount payable after three months. In place of Avika, the bill is accepted by Kavya. Rahul gives away this bill to his creditor Anshul. Which option correctly describes each one's role in this whole transaction?
    A Rahul: Drawer; Avika: Acceptor; Anshul: Payee; Kavya: Drawee Correct Answer Incorrect Answer
    B Rahul: Payee; Avika: Drawee; Anshul: Drawer; Kavya: Acceptor Correct Answer Incorrect Answer
    C Rahul: Drawee; Avika: Drawer; Anshul: Payee; Kavya: Acceptor Correct Answer Incorrect Answer
    D Rahul: Drawer; Avika: Drawee; Anshul: Payee; Kavya: Acceptor Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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