39.
The answer is: D
Explanation
The correct option is D: Billing Receipt.
A billing receipt is not a negotiable instrument as defined under The Negotiable Instruments Act, 1881. A negotiable instrument is a written document that contains an unconditional order or promise to pay a certain sum of money to a specified person or to the bearer of the instrument. According to Section 13 of the Act, there are three kinds of negotiable instruments: promissory notes, bills of exchange and cheques. A billing receipt does not fall under any of these categories, as it is not an order or promise to pay, but a record of payment that has already been made. Therefore, a billing receipt is not a negotiable instrument.