Bill of Exchang...

All instruments which are not...... instrument are foreign bills.

Which of the following is a foreign Bill.

When Bills Receivable is returned dishonoured by the drawee, which of these a/c's is credited by the drawer.

X draw a bill of exchange on Y for Rs. 20,000 payable in 3 months. On the due date Y could not make the payment and Y got it notified from the Notary public on payment of noting charges of Rs. 100. Y requested him to draw a fresh bill for another two month at 12% interest p.a. The amount of fresh bill will be

Which of these are not essential elements of the representation

A __________ is a Bill of exchange drawn on a specific bank and not expressed to be payable otherwise than on demand.

Protest is a certified issued by notary for registration of ___________.

When a Bill of Exchange is discounted by the drawer, what entry is passed by the drawee of the bill of exchange

On receipt of goods sent on consignment what entry is passed by the consignee.

X consigned $$500$$ boxes Cherry Costing Rs. $$500$$ per box to Y. He incurred Rs. $$5,500$$ towards transportation and insurance. Y paid Rs. $$1,000$$ as transportation from port to his godown, Rs. $$300$$ godown insurance Rs. $$200$$ godown rent and Rs. $$1,000$$ as salesman's commission. Due to weather conditions $$50$$ boxes were totally spoiled in transit which is considered a normal loss. Find the value of closing stock if Y sold $$400$$ boxes @ Rs. $$600$$ per box.