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प्रश्न
Recording the fact of dishonour of Bill is known as ___________.
उत्तर
Recording the fact of dishonour of Bill is known as Noting.
APPEARS IN
संबंधित प्रश्न
State True or False with reason:-
Inland bill is one which is drawn in one country and payable in another country.
Find the odd one:-
Find the odd one:-
A bill of exchange payable after a certain period is known as _________.
A bill which is drawn and accepted with valuable consideration is known as ___________.
A person who draws the bill of exchange is known as __________.
When Drawee accepts the bill payable at a particular place only, it 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?
A bill of exchange is a conditional order.
Write a short note on:
Endorsement of a bill
Write a short note on:
Discounting of a bill
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
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.
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.
