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Test: Bill Of Exchange - 2


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20 Questions MCQ Test Crash Course of Accountancy - Class 11 | Test: Bill Of Exchange - 2

Test: Bill Of Exchange - 2 for Commerce 2022 is part of Crash Course of Accountancy - Class 11 preparation. The Test: Bill Of Exchange - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Bill Of Exchange - 2 MCQs are made for Commerce 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Bill Of Exchange - 2 below.
Solutions of Test: Bill Of Exchange - 2 questions in English are available as part of our Crash Course of Accountancy - Class 11 for Commerce & Test: Bill Of Exchange - 2 solutions in Hindi for Crash Course of Accountancy - Class 11 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Bill Of Exchange - 2 | 20 questions in 20 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Crash Course of Accountancy - Class 11 for Commerce Exam | Download free PDF with solutions
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Test: Bill Of Exchange - 2 - Question 1

If Acceptance received from Ram is endorsed in favor of Salem and it is dishonored now. then we will debit:

Test: Bill Of Exchange - 2 - Question 2

The origin of bill receivable book is __

Test: Bill Of Exchange - 2 - Question 3

If acceptor does not pay the interest charges then the amount of new bill be ____ with the amount of interest

Test: Bill Of Exchange - 2 - Question 4

Bill receivable is an

Test: Bill Of Exchange - 2 - Question 5

A bill of exchange is renewed at the request of

Test: Bill Of Exchange - 2 - Question 6

If the due date is public holiday what will be the due date of the bill

Test: Bill Of Exchange - 2 - Question 7

Fee paid in cash to Notary Public is charged by

Test: Bill Of Exchange - 2 - Question 8

Kamal draws a bill on Sahil for Rs.3000.Kamal endorsed it to Rohan. Rohan endorsed it to Rakesh.The payee of the bill will be

Test: Bill Of Exchange - 2 - Question 9

Noting charges are paid by the ___ but these are recordable from the ____

Test: Bill Of Exchange - 2 - Question 10

Person to whom the bill is endorsed called ____

Detailed Solution for Test: Bill Of Exchange - 2 - Question 10

The Person who transfers the bill is called the Endorser and the person to whom the bill is endorsed is called Endorsee.

Test: Bill Of Exchange - 2 - Question 11

What are the parties to a bill of exchange

Test: Bill Of Exchange - 2 - Question 12

Which bill is not allowed 3 days of grace

Test: Bill Of Exchange - 2 - Question 13

The purpose of accommodation bill is :

Test: Bill Of Exchange - 2 - Question 14

On dishonor of a discounted bill whom does the bank look for payment

Test: Bill Of Exchange - 2 - Question 15

The act for signing by the drawer on the book of the instruments for the purpose of transfer

Test: Bill Of Exchange - 2 - Question 16

Which balance is shown by a B/R Book

Test: Bill Of Exchange - 2 - Question 17

On whom the trade bill drawn

Test: Bill Of Exchange - 2 - Question 18

The party who is entitled to receive the cash of a bill receivable is called

Test: Bill Of Exchange - 2 - Question 19

Discounting Charges =

Test: Bill Of Exchange - 2 - Question 20

According to Negotiable Instrument Act, 1881, which of the following refers to “an instrument in writing (not being a bank note or a currency note) containing unconditional undertaking, signed by the maker to pay on demand or at a fixed or determinable future time a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument”?

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