Bill of Exchange Test

Result

Bill of Exchange Test - 28

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Weekly Quiz Competition

Question 1
1 / -0

The periodic total of bills payable book is posted to __

A
Debit side of BR A/c

B
Credit side of BP A/c

C
Credit side of BR A/c

D
Credit side of Debtors A/c
Question 2
1 / -0

Which of these are not required in a promissary note

A
Writing

B
Unconditional

C
Specific sum

D
Acceptance
Question 3
1 / -0

Average due date is also called ___________.

A
Zero date

B
Equated date

C
Cut off date

D
Maturity date
Question 4
1 / -0

Closing stock lying unsold with the consignee is valued at........

A
Cost price

B
Market price

C
Realizable price

D
Least of cost or not realisable value
Question 5
1 / -0

Which of these is not an essential requirement of a valid promissory note?

A
Acceptance

B
Unconditional

C
Maker and payee

D
Specific sum
Question 6
1 / -0

At the time of payment of a bill, the acceptor debits __________.

A
Bill receivables A/c

B
Bills payable A/c

C
Discount A/c

D
One of these
Question 7
1 / -0

A promises to pay B Rs. $$5,000$$, if India wins World Cup Cricket, $$2007$$. This is a ____________.

A
Wagering agreement

B
Contingent contract

C
Valid agreement

D
Quasi contract
Question 8
1 / -0

At the time of receipt of payment of BR on the maturity date, the drawer of a bill exchange credits..........

A
Bill receivables A/c

B
Bills payable A/c

C
Drawee A/c

D
None
Question 9
1 / -0

On receipt of goods sent on consignment basis, the consignee..........

A
Debit consignment A/c

B
Debit consignment stock A/c

C
Stock A/c

D
None of these
Question 10
1 / -0

An unpaid seller can exercise the right of stoppage of goods in transit

A
Where he has parted with possession of the goods

B
When the buyer has become insolvent

C
Both

D
None

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Re-Attempt Weekly Quiz Competition

Bill of Exchange Test - 28

Result

Bill of Exchange Test - 28

Score

-

Rank

-

SHARING IS CARING

Question 1

Debit side of BR A/c

Credit side of BP A/c

Credit side of BR A/c

Credit side of Debtors A/c

Question 2

Writing

Unconditional

Specific sum

Acceptance

Question 3

Zero date

Equated date

Cut off date

Maturity date

Question 4

Cost price

Market price

Realizable price

Least of cost or not realisable value

Question 5

Acceptance

Unconditional

Maker and payee

Specific sum

Question 6

Bill receivables A/c

Bills payable A/c

Discount A/c

One of these

Question 7

Wagering agreement

Contingent contract

Valid agreement

Quasi contract

Question 8

Bill receivables A/c

Bills payable A/c

Drawee A/c

None

Question 9

Debit consignment A/c

Debit consignment stock A/c

Stock A/c

None of these

Question 10

Where he has parted with possession of the goods

When the buyer has become insolvent

Both

None

User

Question Analysis

My Perfomance

Score

-

Rank

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