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प्रश्न
Answer in one sentence.
What is noting of the bill?
उत्तर
Noting of a Bill of Exchange is the recording the facts of its dishonour by a Notary public.
APPEARS IN
संबंधित प्रश्न
Notary Public is ___________.
Give one word/phrase/term which can substitute each of the following statement:-
Amount which is not recoverable from Drawee on account of insolvency.
State True or False with reason:-
A bill of exchange must be presented to the acceptor on the due date.
Amount that cannot be paid by acceptor on account of inslovency is known as __________.
A bill which is drawn and accepted with valuable consideration is known as ___________.
A person who draws the bill of exchange is known as __________.
A bill whose due date is calculated from the date of acceptance is known a ___________.
Recording the fact of dishonour of Bill is known as ___________.
When Drawee accepts the bill payable at a particular place only, it is known as _________.
Fees charged by the bank for collection of bill on behalf of holder is ____________.
Answer in one sentence.
What are days of grace?
Answer in one sentence.
What do you mean by discounting a bill of exchange?
Answer in one sentence.
What is relationship between Drawer and Drawee?
Answer in one sentence.
What is legal due date?
Answer in one sentence.
What is bills payable on demand?
A bill of exchange is a conditional order.
Find the odd one.
Bela draws a bill for ₹ 2,00,000 on Prihaan for 4 months period. The bill is duly accepted and returned to Bela. One month after the date, Bela discounted the bill with bank @ 18% p.a.
On the due date, Prihaan dishonoured his acceptance. Bank paid noting charges ₹ 4,500. Prihaan requested Bela to renew the bill for further period of 2 months. Bela agreed and took the bill back from bank and received new acceptance for 40% amount of the bill with full amount of noting charges and cheque for 60% balance plus interest @ 12% p.a.
Write Journal of Bela and Prihaan for the above bill transactions.
Give Specimen of Bill of Exchange:
- Drawer: Mr. Ram Das, Pune
- Drawee: Mr. Kapil Deo. Mumbai
- Amount: ₹ 1,05,000
- Tenure : 3 Months
- Date of Bill: 3rd March. 2020
- Date of Acceptance: 7th March, 2020
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be______.
Bina draws a bill on Tina for ₹ 24,000 on 6th Oct. 2022 for 3 months. Tina accepts the bill on the same date. Bina sends the bill to Bank for collection on 20th Oct. 2022. Before due date, Tina finds herself unable to make the payment of bill and request Bina to renew it. Bina agree to the proposal on condition that Tina should pay ₹ 10,000 in cash along with interest ₹ 800 and accept a new bill for 2 months for the balance. Tina retired the bill on 12th Jan. 2023 by paying ₹ 13,500.
A bill of exchange is a ______.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
