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प्रश्न
Answer in one sentence.
What is relationship between Drawer and Drawee?
उत्तर
The relationship between the drawer and the drawee is that of the creditor and debtor.
APPEARS IN
संबंधित प्रश्न
Give one word/phrase/term which can substitute the following statement:-
Person who is in possession of Bill of Exchange.
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:-
Find the odd one:-
Amount that cannot be paid by acceptor on account of inslovency is known as __________.
A bill whose due date is calculated from the date of acceptance is known a ___________.
Recording the fact of dishonour of Bill is known as ___________.
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 noting of the bill?
Answer in one sentence.
What is bills payable on demand?
Define bill of exchange.
Write a short note on:
Endorsement of a bill
Find the odd one.
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 ______.
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.
A bill of exchange is a ______.
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.
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.
