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प्रश्न
Give one word/phrase/term which can substitute each of the following statement:-
Amount which is not recoverable from Drawee on account of insolvency.
उत्तर
Amount which is not recoverable from Drawee on account of insolvency. - Bad debts.
APPEARS IN
संबंधित प्रश्न
Notary Public is ___________.
Give one word/phrase/term which can substitute the following statement:-
Person who is in possession of Bill of Exchange.
Find the odd one:-
A bill of exchange payable after a certain period 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 ___________.
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 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?
Define bill of exchange.
Write a short note on:
Endorsement of a bill
Write a short note on:
Discounting of a bill
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 ______.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
Calculate legal due date for the following:
| Date of Bill | Period | Legal due date |
| 19th Jan. 2022 | 60 days | ? |
Write the word/phrase/term which can substitute each of the following statements:
A person in whose favour a bill is endorsed.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
