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Bill of Exchang...

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  • Question 1
    1 / -0

    If a bill is. dishonoured, when presented for payment by third party, the drawer will debit:

  • Question 2
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    At the time of retirement of a bill, the acceptor debits _____________.

  • Question 3
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    Noting Charges account is debited by _________.

  • Question 4
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    If a bill is drawn on 29th June for 3 months, it will mature on:

  • Question 5
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    A draws a bill on B for Rs. $$30,000$$. A wants to endorse it to C in settlement of Rs. $$35,000$$ at $$2\%$$ discount with the help of B's acceptance and balance in cash. How much cash A will pay to C?

  • Question 6
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    A bill of exchange contains a/an _________________.

  • Question 7
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    If an instrument may be constructed either as a promissory note or bill of exchange, it is ________________.

  • Question 8
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    Under section 118 of the Negotiable Instruments Act, 1881 it is presumed, until the contrary is proved, that every transfer of negotiable instrument was made ___________________.

  • Question 9
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    A bills of exchange not covered under negotiable Act. are _______.

  • Question 10
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    The term 'Negotiable Instrument' is defined in the Negotiable Instruments Act, 1881 under section __________.

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