WebSave Save MCQ PRINCIPLES OF ACCOUNTING-1 For Later. 0 ratings 0% found this document useful (0 votes) 0 views 21 pages. MCQ PRINCIPLES OF ACCOUNTING-1. Uploaded by Sharad Chafle. ... 138. A bill of exchange payable after a certain period is known as _____ bill. A. Time. B. accommodation . C. revenue. D. Dishonored. … WebQuestions on The Bill of Exchange (With Answers) - Commerce Download, print and study this document offline Download as PDF Page 1 CHAPTER 8- THE BILL OF EXCHANGE Q.l. Name any two types or commonly used negotiable instruments. Ans. Following are die commonly used negotiable instruments : (i) Cheque. (ii) Bill of exchange. Q.2.
Bill of Exchange Definition: Examples and How It Works
WebIt is a bill of Exchange C. It is a trade Bill D. It is issued by RBI a) Option A & B are correct b) Option A & D are correct c) Option B & C are correct d) Option C & D are correct 11) Which of the following statement is related to dated Securities? A. It … Web8 jan. 2024 · Bill of Exchange: A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date. dsd programs
MCQ Questions for Class 11 Accountancy Chapter 8 Bills of …
WebBills of Exchange Questions and Answers – Question 9: A Bill of Rs. 10000 was drawn by A and accepted by B ,and is payable after 3 months. B retired the Bill under rebate of 6 % p.a. 1 month Before the maturity .What would be the Journal entry in the books of B ? Explanation: Bills Payable A/c Dr. 10000 To Cash A/c 9950 To Rebate A/c 50 Web22 jul. 2024 · An acceptance refers to the scenario where a third party consents to the payment of a draft or bill of exchange. Banks or financial institutions often play the role of an acceptor in a bill of exchange. This is known as a Bank Acceptance. If the buyer serves as the acceptor of a draft, this is known as a trae acceptance. Web2 dagen geleden · Download Citation On Apr 12, 2024, J.-C.-L. Simonde de Sismondi published Of Bills of Exchange Find, read and cite all the research you need on ResearchGate dsd project