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प्रश्न
Find the odd one.
विकल्प
Bills receivable
Bills Payable
Endorsement of bill
Cash memo
उत्तर
Cash memo
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:-
Inland bill is one which is drawn in one country and payable in another country.
State True or False with reason:-
A bill of exchange must be presented to the acceptor on the due date.
Find the odd one:-
Making payment of bill before the due date of maturity is known as ___________.
Amount that cannot be paid by acceptor on account of inslovency is known as __________.
A bill of exchange payable after a certain period is known as _________.
A person who draws the bill of exchange is known as __________.
Recording the fact of dishonour of Bill is known as ___________.
Fees charged by the bank for collection of bill on behalf of holder is ____________.
Answer in one sentence.
What do you mean by bill of exchange?
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 noting of the bill?
Answer in one sentence.
What is legal due date?
Answer in one sentence.
What is bills payable on demand?
Write a short note on:
Endorsement of a bill
Rajesh sold goods on credit to Sulochana for ₹ 25,000. Rajesh draws a bill for ₹ 25,000 on Sulochana for 3 months. Rajesh discounted the bill with his bank @ 10% p.a. on the same day. On the due date of bill, Sulochana requested Rajesh to accept ₹ 5,000 including ₹ 1,000 for interest and to draw a bill for the balance for 3 months. Rajesh agreed to this proposal. One month before the due date, Sulochana retired the bill for ₹ 20,200.
Pass necessary Journal Entries in the books of Rajesh.
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.
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.
Calculate legal due date for the following:
| Date of Bill | Period | Legal due date |
| 19th Jan. 2022 | 60 days | ? |
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
