Test: Bill Of Exchange - 2


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


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This mock test of Test: Bill Of Exchange - 2 for Commerce helps you for every Commerce entrance exam. This contains 20 Multiple Choice Questions for Commerce Test: Bill Of Exchange - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Bill Of Exchange - 2 quiz give you a good mix of easy questions and tough questions. Commerce students definitely take this Test: Bill Of Exchange - 2 exercise for a better result in the exam. You can find other Test: Bill Of Exchange - 2 extra questions, long questions & short questions for Commerce on EduRev as well by searching above.
QUESTION: 1

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

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QUESTION: 2

The origin of bill receivable book is __

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QUESTION: 3

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

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QUESTION: 4

Bill receivable is an

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QUESTION: 5

A bill of exchange is renewed at the request of

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QUESTION: 6

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

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QUESTION: 7

Fee paid in cash to Notary Public is charged by

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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

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QUESTION: 9

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

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QUESTION: 10

Person to whom the bill is endorsed called ____

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

QUESTION: 11

What are the parties to a bill of exchange

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QUESTION: 12

Which bill is not allowed 3 days of grace

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QUESTION: 13

The purpose of accommodation bill is :

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QUESTION: 14

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

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QUESTION: 15

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

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QUESTION: 16

Which balance is shown by a B/R Book

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QUESTION: 17

On whom the trade bill drawn

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QUESTION: 18

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

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QUESTION: 19

Discounting Charges =

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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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