Advertisements
Advertisements
Question
Answer in one sentence.
What is noting of the bill?
Solution
Noting of a Bill of Exchange is the recording the facts of its dishonour by a Notary public.
APPEARS IN
RELATED QUESTIONS
Answer in one sentence.
What are noting charges?
Give one word/phrase/term which can substitute the following statement:-
Person who is in possession of Bill of Exchange.
Give one word/phrase/term which can substitute each of the following statement:-
Amount which is not recoverable from Drawee on account of insolvency.
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:-
Amount that cannot be paid by acceptor on account of inslovency is known as __________.
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 __________.
Recording the fact of dishonour of Bill is known as ___________.
When Drawee accepts the bill payable at a particular place only, it is known as _________.
Answer in one sentence.
What are days of grace?
Answer in one sentence.
What is relationship between Drawer and Drawee?
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.
Define bill of exchange.
Find the odd one.
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 ______.
Write the word/phrase/term which can substitute each of the following statements:
A person in whose favour a bill is endorsed.
