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AccountancyCLASS 11CBSE
answered 23 Jun 2026

What are the features of Promissory note?

A.VERIFIED ANSWERfact-checked by tutors
Features of Promissory note: - It must be in writing. - It must contain an unconditional promise to pay. - The sum payable must be certain. - It must be signed by the maker. - The maker must sign it. - It must be payable to a certain person. - It should be properly stamped.

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ACCOUNTANCY · CLASS 11