Q.1.
When a drawer discounts the bill, he gets?
Q.2.
When the drawee signs the bill, it is considered as
Q.3.
The Bills Receivable book is part of
Q.4.
A draws a bill on B for ₹ 30,A wants to endorse it to C in settlement of ₹35,atdiscount with the help of B’s acceptance and balance in cash. How much cash A will pay to C?
Q.5.
If Mohan’s acceptance which was endorsed to Mrs Jivika is dishonoured then the amount will be Credited in our books
Q.6.
Due date of a bill of exchange drawn on 30th January,for one month will be :
Q.7.
When an acceptor refuses to pay the amount of bill to the holder of bill on its maturity is called?
Q.8.
How many parties are involved in case of discounting of bill?
Q.9.
If Pankaj’s acceptance which was discounted from bank is dishonoured then the amount will be debited in our books
Q.10.
If a firm usually receives a number of promissory / notes, it would be convenient to record the transaction in a separate book called .............. .
Q.11.
‘Bills payable discounted in cash by creditor’. In the books of drawee this transaction will be recorded in: -
Q.12.
Ram says Shyam to pay particular sum of money to him. In this oral transaction negotiable instrument Act applied.
Q.13.
States that powers not given to the Federal government or denied to the States, are powers reserved for the States (people).
Q.14.
Ram makes a promise to pay Rs.20,to Mohan after 1 month through Promissory note (Negotiable instrument).
Q.15.
Purchases a/c Dr. To Bank a/c To ………….a/c (Bought goods from Mohan and half payment made through cheque and bill accepted for remaining balance)
Q.16.
Noting charges are borne by
Q.17.
Liability for a discounted bill is a
Q.18.
At the time of renewal of the bill interest is charged for the period of
Q.19.
A bill of exchange is order to Make payment by
Q.20.
When rebate on a Bill allowed