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Bills of Exchan...

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  • Question 1
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    Protest is a certified issued by notary for registration of ___________.

  • Question 2
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    All instruments which are not...... instrument are foreign bills.

  • Question 3
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    X consigned $$500$$ boxes Cherry Costing Rs. $$500$$ per box to Y. He incurred Rs. $$5,500$$ towards transportation and insurance. Y paid Rs. $$1,000$$ as transportation from port to his godown, Rs. $$300$$ godown insurance Rs. $$200$$ godown rent and Rs. $$1,000$$ as salesman's commission. Due to weather conditions $$50$$ boxes were totally spoiled in transit which is considered a normal loss. Find the value of closing stock if Y sold $$400$$ boxes @ Rs. $$600$$ per box.

  • Question 4
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    When Bills Receivable is returned dishonoured by the drawee, which of these a/c's is credited by the drawer.

  • Question 5
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    On 1st April X received a cheque of Rs.5,000, which was banked only on 3rd April. On 1st April the amount of Rs.5,000 will be recorded in ......

  • Question 6
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    Commission on consignment belongs to .

  • Question 7
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    Which of these is an essential feature of a valid consideration.

  • Question 8
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    Rs. 1000 note is a ..

  • Question 9
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    When a Bill of Exchange is discounted by the drawer, what entry is passed by the drawee of the bill of exchange

  • Question 10
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    Bill of exchange are drawn by.......... and accepted by.

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