Bill of Exchang...

‘Mr Ramesh, I owe you a sum of Rs 5000/’- is

Naman received from Manik an acceptance for Rs. 3000 on 1st September 2012 at 3 months. Naman got the acceptance discounted at 9 % p.a from the bank. On the due date, Manik paid the required amount. Calculate the amount of discount

Naman received from Manik an acceptance for Rs.3000 on 1st September 2012 at 3 months. Naman got the acceptance discounted at 9 % p.a from the bank. On the due date Manik paid the required amount. What will be the journal entry in the books of Manik when bill of exchange being given to Naman

Which of the following is not the characteristic of Promissory Note?

Under which circumstances drawer and payee is the same person

A retires a bill for Rs.1000 drawn on him by B for Rs. 10 rebate. By what amount cash amount should be debited in the account of B

On 1st Jan 2013 B sold goods to A for Rs.250. A gave to B his acceptance payable 1 month after date. Before maturity A request B to renew it which B does adding Rs.10 to the new Bill for interest. What will be the journal entry in the books of B when bill cancelled for renewal

A bill of exchange for Rs.25000 is drawn by A on B on 1st April, 2011 for 3 Months. B accepted the bill on 10th April, 2011.Find the DUE DATE and DATE OF MATURITY if The bill is Bill After date

A bill of exchange for Rs.25000 is drawn by A on B on 1st April, 2011 for 3 Months. B accepted the bill on 10th April, 2011.Find the DUE DATE and DATE OF MATURITY if The bill is Bill After date The bill is Bill After Sight

Match the following, options are

A bill of Rs.5000 is discounted with the banker for Rs.4750. The bill is dishonored at maturity. The drawee pays 60% of his acceptance. What is the amount of bad debts?

A bill of Rs.5000 was drawn by Amit ob Bhanu on 12/04/2012 for 4 months. Compute the date of maturity if all of sudden 14th August is declared as emergent holiday

Maximum days of grace added for maturity date are:

A bill of 12000 was discounted by B with the banker for Rs.11880. At maturity the bill returned dishonored, noting charges Rs. 20. How much amount will the bank deduct from B bank balance at the time of such discount

Ram accepted a bill drawn by Robin endorsed the bill to Sohail. On due date the bill is dishonoured as Ram became insolvent .To record the dishonor of the bill in the books of Robin which of the following account should be credited

On 1st April 2011, Rohan sold goods to Shyam for Rs.30,000 on credit against his acceptance for 3 months. Rohan discounted the bill with his bank on 4th May 2011 @ 9% per annum. Find out the amount of discounting charges.

On 1st April 2011, Rohan sold goods to Shyam for Rs.30,000 on credit against his acceptance for 3 months. Rohan discounted the bill with his bank on 4th May 2011 @ 9% per annum. Find out the amount that Rohan will receive from his bank at the time of discounting the bill.

Aman draws a bill on Manik for Rs.12000 on 1st April 2011 payable after 4 months. This bill is duly accepted by Manik. Aman discounts it on 4th May 2011 @10% p.a. Calculate amount of discount.

Mohan sold goods to Suraj for Rs. 20000 and draw a bill upon Suraj for the same amount which is payable after 4 months. Mohan retain the bill for 4 months .Who is the drawee

Mohan sold goods to Suraj for Rs.20000 and draw a bill upon Suraj for the same amount which is payable after 4 months. Mohan retain the bill for 4 months. Who is Mohan