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State True or False with reason:- Acceptance of bills without making any changes in the terms of the bill is called qualified acceptance. - Book Keeping and Accountancy

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प्रश्न

State True or False with reason:-

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

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is False.

Acceptance of the bill with some changes as regards the terms, amount, place, etc. of a bill is known as qualified acceptance. Acceptance of the bill without making changes as regards the term is called general acceptance.

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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 ३०२]

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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 C. 4) | पृष्ठ ३०२

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:

Conversion of Bill of Exchange into its present value.


State True or False with reason:-

If a bill is discounted by the holder, no entry is passed in his book when the bill is honoured on the due date.


State True or False with reason:-

If a bill is drawn payable ‘on-demand’ no grace days are allowed.


Find the odd one:-


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.


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 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


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 ?

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 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 ______.


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 ______.


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 ______.


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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