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Do you agree or disagree with the following statement:- In case of bill drawn payable ‘on-demand,’ no grace days are allowed. - Book Keeping and Accountancy

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प्रश्न

Do you agree or disagree with the following statement:-

In case of bill drawn payable ‘on-demand,’ no grace days are allowed.

विकल्प

  • Agree

  • Disagree

MCQ
सत्य या असत्य

उत्तर

In case of bill drawn payable ‘on-demand,’ no grace days are allowed. - Agree

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Contents of Format of Bill of Exchange
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [पृष्ठ ३०३]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q G. 6) | पृष्ठ ३०३

संबंधित प्रश्न

Before acceptance the bill is called a __________.


When a bill is drawn for 2 months after date on 3rd Jan. 2020, its due date will be ___________.


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.


Answer in one sentence.

What do you mean by rebate?


Do you agree or disagree with the following statement:-

A bill of exchange need not be dated.


Prepare a bill of exchange form the following information:

Drawer: Shankar, Vadodara, Gujrat.

Drawee: Vinayak, Somwarpeth, Pune.

Amount : ₹ 16,000

Period : 3 months

Date of Bill: 6th Sept. 2019.

Date of acceptance: 11th Sept. 2019.


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.


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


Complete the following Table:

Date of Drawing Date of Acceptance Payable Due Date
30.1.2019 1.2.2019 60 Day after Date ?

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.


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 ?

Give one word/phrase/term which can substitute of 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 that can substitute for 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 ______.


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.


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.


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