Self Studies

Bill of Exchang...

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  • Question 1
    1 / -0

    From the following details calculate abnormal profit/loss on the stock lost in transit ____________.
    Goods sent on consignment $$(100)=$$ Rs. $$90,000$$
    Goods lost in transit $$(2)=$$
    Insurance claim received for goods lost in transit Rs. $$2,521$$.
    Goods sold by the consignee $$(80)$$ Rs. $$108,000$$
    Consignor expenses Rs. $$6,020$$
    Consignee expenses Rs. $$9,500$$ which includes Rs. $$5,400$$ sales commission and Rs. $$2,000$$ godown rent.

  • Question 2
    1 / -0

    Which of these is an essential feature of a valid consideration.

  • Question 3
    1 / -0

    Commission on consignment belongs to .

  • Question 4
    1 / -0

    On 1st April X received a cheque of Rs.5,000, which was banked only on 3rd April. On 1st April the amount of Rs.5,000 will be recorded in ......

  • Question 5
    1 / -0

    Rs. 1000 note is a ..

  • Question 6
    1 / -0

    At the time of endorsement of a bill, the drawer credits _________.

  • Question 7
    1 / -0

    Bill of exchange are drawn by.......... and accepted by.

  • Question 8
    1 / -0

    When a bill is discharged, the receiver debits ___________.

  • Question 9
    1 / -0

    Mental Health Care Bill 2016 seeks to
    1. Decriminalise suicide
    2. Prohibit electro-convulsive therapy
    3. Provide right to make Advance Directives
    4. Provide for seclusion and solitary confinement in few cases

  • Question 10
    1 / -0

    Bills receivable endorsed are debited to ___________.

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