state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Accountancy

Which of the following is not true about promissory note?

1

The promissory note is not payable to the bearer.

2

Proper stamp duty should be paid on Promissory Note.

3

It is made by creditor

4

Promissory note specifies the name of the payee.

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