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प्रश्न
Before acceptance the bill is called a __________.
विकल्प
Order
Request
Draft
Instrument
उत्तर
Before acceptance, the bill is called a Draft.
APPEARS IN
संबंधित प्रश्न
When Acceptor or Drawee does not pay the amount of bill to the holder on the due date it is known as ___________ the bill.
Give one word/phrase/term which can substitute the following statement:-
Cancellation of bill on maturity in return of a new bill for extended period of credit.
Give one word/phrase/term which can substitute the following statement:
Conversion of Bill of Exchange into its present value.
State True or False with reason:-
Acceptance of bills without making any changes in the terms of the bill is called qualified acceptance.
Find the odd one:-
Do you agree or disagree with the following statement:-
The person in whose favour the bill is endorsed is known as endorsee.
Do you agree or disagree with the following statement:-
In case of bill drawn payable ‘on-demand,’ no grace days are allowed.
Complete the following Table
| Date of Drawing | Date of Acceptance | Payable | Due Date |
| 30.1.2019 | 1.2.2019 | 60 days after date | |
| 17.8.2019 | 21.8.2019 | 3 months after sight | |
| 23.12.2019 | 26.12.2019 | 1 months after date | |
| 28.1.2020 | 28.1.2020 | 1 months after date | |
| 30.6.2019 | 2.7.2019 | 45 days after date |
Complete the following Table
| Sr. No | Date of drawing | acceptance | Tenure | Type | Nominal due date | Legal due date |
| 1 | 3rd January 2020 | 5th January 2020 | 45 days | after date | ? | ? |
| 2 | 9th April 2019 | 12th April 2029 | 4 months | After sight | ? | ? |
| 3 | 23rd November 2019 | 23rd November 2029 | 2 months | after date | ? | ? |
| 4 | 16th August 2019 | 20th August 2019 | 4 months | After sight | ? | ? |
| 5 | 23rd December 2018 | 24th December 2018 | 60 days | after date | ? | ? |
Prepare a bill of exchange from the following information:
Drawer: Dinesh, P. R. Road, Andheri West.
Drawee: Mahesh, L. B. S. Road, Mulund.
Payee: Amit, Thane West.
Amount: ₹ 9,500
Period of Bill: 4 months after sight.
Date of Bill: 26th Nov. 2019.
Date of acceptance: 29th Nov. 2019.
Kantilal, 343/D, Palm Heights, Jogeshwari, drew a bill on 10th Oct. 2019 for ₹ 63,490 for 45 days after date on Shantilal, B2, Himalaya Towers, Baramati, payable to Priyanka, Satara. The bill was accepted on 13th Oct. 2019 for 60 days.
Prepare a format of bill of exchange from the above details.
Prepare a format of bill exchange from the following details :
Rahul Sane, 86-D, Raviwar Peth, Nagpur accepted the bill drawn on him by Prithviraj, Icon Heights, Wardha for ₹ 87,000 on 30th July 2019. The bill was drawn on 26th July 2019 for ₹ 1,00,000 for 90 days after date.
Prepare a format of bill of exchange from the following.
Drawer: Kashmira Shah, Partner M/S Shah, and Shah, 2-C, Matruchaya Building, Akola. Drawee: Dhanashree Traders, Bangalore Road, Belgaum. (Signed by Jayashree, Partner) Payee: M/S Janki Traders, Akola.
Amount : ₹ 64,500
Period of Bill : 3 months
Date of drawing: 12th Sept. 2019
Date of acceptance: 15th Sept. 2019
Prepare a demand bill with imaginary Drawer, Drawee, Address, Amount, and Date.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
Complete the following table:
| Date of drawing | Date of acceptance | Payable | Due date |
| 23 - 12 - 22 | 26 - 12 - 22 | 1 month after date | ? |
| 28 - 01 - 23 | 28 - 01 - 23 | 1 month after date | ? |
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 ______.
Give one word/phrase/term that can substitute for the following statement:
Conversion of Bill of Exchange into its present value.
Give one word/phrase/term which can substitute in the following statement:-
Conversion of Bill of Exchange into its present value.
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.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
