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Bills of Exchan...

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  • Question 1
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    To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or accept or ________________.

  • Question 2
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    Everything mentioned below is required to make the endorsement complete EXCEPT:

  • Question 3
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    In case a cheque is dishonored than a drawer is liable to a punishment of

  • Question 4
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    A negotiable instrument dated $$31st$$ January, $$2019$$, is made payable at one months after date. The instrument is at maturity on ___________.

  • Question 5
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    The account current method in which the days are calculated from the date of transaction to the commencement date is known as ____________.

  • Question 6
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    When a bill is drawn by A on B, it is debited in the books of A to ___________.

  • Question 7
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    Base date is otherwise called as _________.

  • Question 8
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    When the holder of the bill discounts the bill, he shall debit ____________.

  • Question 9
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    Bills are drawn by ___________.

  • Question 10
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    When a bill drawn by A on B and retained till the date of maturity is dishonored on the due date, it is debited in the books of  A to ____________.

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