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Bill of Exchang...

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  • Question 1
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    Susan buys a used car for $$\$ 6, 500$$ and finances it by making monthly payments of $$\$ 325$$. How long will take her to pay for the car?

  • Question 2
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    Ashok spends 1/8 of the money for mangoes and 1/7 of the remaining money for sweets and then with the  left over money, he goes to a bakery and spends 1/6 of the money to buy bread for his father and with the remaining money, he spends 1/5 and buys flowers for his sister and from the amount left over, he buys a cricket ball by spending 1/4 ofthe amount. Now, he is left with Rs48, How much money Ashok had at the beginning?

  • Question 3
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    When a bill is drawn by A on B, and before the maturity date, B becomes insolvent then in the books of A it is debited to _____________.

  • Question 4
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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 5
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    A bill which is not an inland bill is a ___________ bill.

  • Question 6
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    Base date is otherwise called as _________.

  • Question 7
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    When the holder of the bill discounts the bill, he shall debit ____________.

  • Question 8
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    If a cheque sent for collection is dishonored, the debit is given to _________.

  • Question 9
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    A bill drawn and accepted for a genuine trade transaction is termed as a(n)_________ bill.

  • Question 10
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    When a bill is discharged, the acceptor debits __________.

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