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Bills of Exchan...

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  • Question 1
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    When a bill drawn by A on B, is endorsed to C, later which was dishonoured on the due date, it is credited in the books of A to ____________.

  • Question 2
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    A bill of exchange payable after a certain period is known as __________ bill.

  • Question 3
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    Average due date can be called as ________.

  • Question 4
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    Cancelling the original bill and drawing a fresh acceptance is known as __________.

  • Question 5
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    Bill of exchange is sometimes known as ____________.

  • Question 6
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    While preparing P/L account, rebate on bills discounted to be provided shall be deducted from discount received is ________.

  • Question 7
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    A bill which is not an inland bill is a ___________ bill.

  • Question 8
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    In India, Commercial Papers are issued as per the guidelines issued by ______________.

  • Question 9
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    ___________ days of grace are allowed in case of time bills for calculation date of maturity.

  • Question 10
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    Rebate on bills discounted is also called_____.

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