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Bill of Exchang...

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  • Question 1
    1 / -0

    Commercial paper is a type of ___________________.

  • Question 2
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    Rachel spent $$\$24.15$$ on vegetables. She bought $$2$$ lbs of onions, $$3$$ lbs of carrots and $$1$$ $$\dfrac{1}{2}$$ lbs of mushrooms. If the onions cost $$\$3.69$$ per lb, and the carrots cost $$\$4.29$$ per lb, what is the price per lb of mushrooms?

  • Question 3
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    Rebate on bills discounted is _______ from interest and discount in the P/L Account .

  • Question 4
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    If the bill of exchange of two month's duration is accepted on 15th September its maturity date will be __________.

  • Question 5
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    Bills receivable endorsed are debited to _______ account.

  • Question 6
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    At the time of endorsement of a bill, the drawer credits ___________________.

  • Question 7
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    A person named in the negotiable instrument to whom or to whose order the money in the instrument is directed to be paid is called as the __________.

  • Question 8
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    If payment is made on the average due date it results in ________________.

  • Question 9
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    If the bill is drawn on 3rd July and the duration of bill is 40days, the due date of bill will be ________________.

  • Question 10
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    If the bill of exchange of one month's duration is accepted on 23rd December its maturity date will be ____________.

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