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Do you agree or disagree with the following statement:- The person in whose favour the bill is endorsed is known as endorsee. - Book Keeping and Accountancy

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प्रश्न

Do you agree or disagree with the following statement:-

The person in whose favour the bill is endorsed is known as endorsee.

विकल्प

  • Agree

  • Disagree

MCQ
सत्य या असत्य

उत्तर

The person in whose favour the bill is endorsed is known as endorsee. - 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]

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बालभारती Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q G. 3) | पृष्ठ ३०३

संबंधित प्रश्न

The due date of the bill drawn for 2 months on 23rd Nov. 2019 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.


Give one word/phrase/term which can substitute the following statement:-

Bill of exchange drawn and accepted without any valuable consideration.


State True or False with reason:-

Acceptance of bills without making any changes in the terms of the bill is called qualified acceptance.


State True or False with reason:-

Discounting is a device to convert the bill into its present value.


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  

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.


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 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 ______.


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
30. 1. 2019 1. 2. 2019 60 Days After Date ?

Give Specimen of Bill of Exchange:

Drawer: Bhadresh Shah, A-101, Sakar flats, Bhopal

Drawee: Samir Patel, 105, Himalaya Tower, Indore

Amount: ₹ 70,000

Period of Bill: 60 days after date

Date of Bill: 10th October, 2022

Date of Acceptance: 12th October, 2022


The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.


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 in 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 ______.


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 ______.


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