Self Studies

Bill of Exchang...

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  • Question 1
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    A draws on B a bill of exchange for $$3$$ months of Rs. $$20,000$$ which B accepts. B got it discounted with a bank at $$16\%$$. On the due date B did not honour the bill and X got it attested from the notary public on paying noting charges of Rs. $$100$$. B paid Rs. $$6,000$$ in cash and requested A to draw a fresh bill for the balance amount for next three month at $$12\%$$ interest. The new bill will be for Rs. ____________.

  • Question 2
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    An offer may be revoked at any time .. communication of acceptance is complete as against . But not afterward

  • Question 3
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    X draws a $$30$$ days bill of exchange for Rs.$$25,000$$ upon Y on $$15-8-14$$ find the due date of the bill.

  • Question 4
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    From the following details calculate overriding commission payable to a consignment.
    Invoice price of the goods sold Rs. $$200,000$$
    Selling price of the goods sold Rs. $$280,000$$
    Overriding commission is payable @ $$5\%$$ of the excess of selling price over invoice price.

  • Question 5
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    For bearing loss on account of bad debts, the consignment agent is allowed _________.

  • Question 6
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    When Bills Receivable is returned dishonored by the drawer, which of these a/c is credited by the drawer

  • Question 7
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    A Consignor is entitled to ........

  • Question 8
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    Which of the following option is not available to the drawer of bill of exchange

  • Question 9
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    If the buyer obtains delivery of goods before arrival at the destination, transit

  • Question 10
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    In which of the following cases acceptance of goods by the buyer is deemed a valid acceptance

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