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Bill of Exchang...

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  • Question 1
    1 / -0

    During renewal of the bill the old bill is _____________ and fresh bill is accepted.

  • Question 2
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    When drawee approaches the drawer for further extension of bill it is known as __________________.

  • Question 3
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    Discount allowed by the holder of the bill to encourage retirement is called _____.

  • Question 4
    1 / -0

    When bill is retired , What will be the entry in the books of Drawee ?

  • Question 5
    1 / -0

    A letter of credit is

  • Question 6
    1 / -0

    A bill of Rs. 5000 is being renewed for next 3 month with interest @ 12 % p.a
    ascertain the Interest Amount __________.

  • Question 7
    1 / -0

    Which of the following statements is / are true?

  • Question 8
    1 / -0

    A confirmed letter of credit is one which 

  • Question 9
    1 / -0

    A bill of Rs.10000 Retired one month before due date @12% p.a , ascertain the rebate allowed ____________.

  • Question 10
    1 / -0

    Bill of exchange is drawn by ________.

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