Where the Drawer and Acceptor Are Both Members of the Same

Multiple Choice

Where the drawer and acceptor are both members of the same group, which of the following statements is true:

A) Bills held to maturity appear in group data as both a receivable and payable and are eliminated just like any other intra-group debt
B) Bills discounted without recourse cease to be intra-group debts and ought not to be eliminated
C) Bills discounted with recourse give rise to a contingent liability which should be eliminated
D) All of the above