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Bill of Exchange Test - 27

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Bill of Exchange Test - 27
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  • Question 1
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    X sent some goods to Y to be sold on consignment basis. 1/10 of the goods valued at Rs. 25,000 were lost in transit. Find the value of goods sent on consignment basis........
  • Question 2
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    Which of these is not an essential condition for  a holder of a bill of exchange to become a holder in due course?
  • Question 3
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    Gopal draw a bill of exchange of Rs 20,000 on Hari for 3 month. He got it discounted from the bank at a discount of 12% p.a Discounting charges on discounting of bill will be 
  • Question 4
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    Goods lying with the consignee are shown under............
  • Question 5
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    ...........is the date on which a bill falls due for payment.
  • Question 6
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    Till the discounted Bill Receivables is paid by the drawee it remains a _________.
  • Question 7
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    Goods in transit are included in....
  • Question 8
    1 / -0
    Excell Associates is a partnership firm, it intent to revalue its goodwill, average profits for the past five years are Rs 25000 p.a. Goodwill is being valued 3 years purchase of average profit. If D is admitted as third partner for 1/3 share of profit. How much D is required to bring in cash as his share of goodwill.
  • Question 9
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    Which of these is not an essential requirement of a valid bill of exchange?
  • Question 10
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    Bill of exchanges drawn by two persons on each others for financial help are called.....
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