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प्रश्न
State True or False with reason:-
If a bill is drawn payable ‘on-demand’ no grace days are allowed.
पर्याय
True
False
उत्तर
This statement is True.
‘On-demand’ means the amount of the bill is to be paid by drawee immediately on presentation of the bill as no time period is mentioned on it. In demand bill 3 days grace are not allowed by law.
APPEARS IN
संबंधित प्रश्न
Before acceptance the bill is called a __________.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ____________.
State True or False with reason:-
Discounting is a device to convert the bill 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.
Find the odd one:-
Answer in one sentence.
What do you mean by rebate?
Do you agree or disagree with the following statement:-
In case of bill drawn payable ‘on-demand,’ no grace days are allowed.
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 demand bill with imaginary Drawer, Drawee, Address, Amount, and Date.
Complete the following Table:
| Date of Drawing | Date of Acceptance | Payable | Due Date |
| 30.1.2019 | 1.2.2019 | 60 Day after Date | ? |
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
Complete the following Table:
| Date of Drawing | Date of Acceptance | Payable | Due Date |
| 30. 1. 2019 | 1. 2. 2019 | 60 Days 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 ______.
Give one word/phrase/term which can substitute of 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 ______.
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 ______.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
