MCQ - Bills of Exchange and Promissory Notes - 2 | Principles and Practice of Accounting - CA Foundation PDF Download

 Page 1


Bills of Exchange and 
Promissory Notes-Part 2/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Page 2


Bills of Exchange and 
Promissory Notes-Part 2/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Question No 1 
On 1.1.2011, X draws a bill on Y for Rs. 20,000 for 3 
months maturity date of the bill will be: 
Answer (c)  
a) 1.4.2011  
b) 3.4.2011  
c) 4.4.2011  
d) 4.5.2011 
Page 3


Bills of Exchange and 
Promissory Notes-Part 2/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Question No 1 
On 1.1.2011, X draws a bill on Y for Rs. 20,000 for 3 
months maturity date of the bill will be: 
Answer (c)  
a) 1.4.2011  
b) 3.4.2011  
c) 4.4.2011  
d) 4.5.2011 
Question No 2 
X draws a bill on Y for Rs. 30,000 on 1.1.2011. X accepts 
the same on 4.1.2011 for period of 3 months after 
date. What will be the maturity date of the bill: 
Answer (a)  
a) 4.4.2011  b) 3.4.2011  
c) 7.4.2011  d) 8.4.2011 
Page 4


Bills of Exchange and 
Promissory Notes-Part 2/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Question No 1 
On 1.1.2011, X draws a bill on Y for Rs. 20,000 for 3 
months maturity date of the bill will be: 
Answer (c)  
a) 1.4.2011  
b) 3.4.2011  
c) 4.4.2011  
d) 4.5.2011 
Question No 2 
X draws a bill on Y for Rs. 30,000 on 1.1.2011. X accepts 
the same on 4.1.2011 for period of 3 months after 
date. What will be the maturity date of the bill: 
Answer (a)  
a) 4.4.2011  b) 3.4.2011  
c) 7.4.2011  d) 8.4.2011 
Question No 3 
X draws a bill on Y for Rs. 20,000 on 1.1.2011 for 3 
months after sight, date of acceptance is 6.1.2011. 
Maturity date of the bill will be 
Answer (b)  
a) 4.4.2011  
b) 9.4.2011  
c) 7.4.2011  
d) 8.4.2011 
Page 5


Bills of Exchange and 
Promissory Notes-Part 2/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Question No 1 
On 1.1.2011, X draws a bill on Y for Rs. 20,000 for 3 
months maturity date of the bill will be: 
Answer (c)  
a) 1.4.2011  
b) 3.4.2011  
c) 4.4.2011  
d) 4.5.2011 
Question No 2 
X draws a bill on Y for Rs. 30,000 on 1.1.2011. X accepts 
the same on 4.1.2011 for period of 3 months after 
date. What will be the maturity date of the bill: 
Answer (a)  
a) 4.4.2011  b) 3.4.2011  
c) 7.4.2011  d) 8.4.2011 
Question No 3 
X draws a bill on Y for Rs. 20,000 on 1.1.2011 for 3 
months after sight, date of acceptance is 6.1.2011. 
Maturity date of the bill will be 
Answer (b)  
a) 4.4.2011  
b) 9.4.2011  
c) 7.4.2011  
d) 8.4.2011 
Question No 4 
If the due date is a public holiday, what will be the 
due date of the bill: 
Answer (b)  
a) Following day  b) Preceding day 
c) The same day only  d) One month later