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Bill of Exchang...

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  • Question 1
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    Everything mentioned below is required to make the endorsement complete EXCEPT:

  • Question 2
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    In case a cheque is dishonored than a drawer is liable to a punishment of

  • Question 3
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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 4
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    Ram ordered 6 black toys and some additional brown toys. The price of a black toy is $$\displaystyle 2\frac{1}{2}$$ times that of a brown toy While preparing the bill the clerk interchanged the number of black toys with the number of brown toys which increased the bill by 45% The number of brown toys is

  • Question 5
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    Directions For Questions

    Ram sold goods to shyam for Rs. $$30,000$$ at credit on 1st April, $$2011$$. Ram discounted the bill with his bank on 4th May $$2011 @ 9\%$$ per annum.

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    Find the amount of discounting charges (in Rs).

  • 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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    Jerry goes to the grocery store and spends $$\$ 2.25$$ for milk, $$\$ 3.59$$ for oranges, and $$\$ 3.29$$ for eggs. If he gives the cashier a $$\$ 20$$ bill, what will his change be?

  • Question 8
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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 9
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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 ____________.

  • Question 10
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    Bills are drawn by ___________.

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