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Question
Give one word/phrase/term which can substitute the following statement:-
Cancellation of bill on maturity in return of a new bill for extended period of credit.
Solution
Cancellation of bill on maturity in return of a new bill for extended period of credit. - Renewal of Bill.
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RELATED QUESTIONS
Before acceptance the bill is called a __________.
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:-
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.
State True or False with reason:-
If a bill is drawn payable ‘on-demand’ no grace days are allowed.
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.
Prepare a bill of exchange form the following information:
Drawer: Shankar, Vadodara, Gujrat.
Drawee: Vinayak, Somwarpeth, Pune.
Amount : ₹ 16,000
Period : 3 months
Date of Bill: 6th Sept. 2019.
Date of acceptance: 11th Sept. 2019.
Prepare a bill of exchange from the following information:
Drawer: Dinesh, P. R. Road, Andheri West.
Drawee: Mahesh, L. B. S. Road, Mulund.
Payee: Amit, Thane West.
Amount: ₹ 9,500
Period of Bill: 4 months after sight.
Date of Bill: 26th Nov. 2019.
Date of acceptance: 29th Nov. 2019.
Kantilal, 343/D, Palm Heights, Jogeshwari, drew a bill on 10th Oct. 2019 for ₹ 63,490 for 45 days after date on Shantilal, B2, Himalaya Towers, Baramati, payable to Priyanka, Satara. The bill was accepted on 13th Oct. 2019 for 60 days.
Prepare a format of bill of exchange from the above details.
Prepare a format of bill exchange from the following details :
Rahul Sane, 86-D, Raviwar Peth, Nagpur accepted the bill drawn on him by Prithviraj, Icon Heights, Wardha for ₹ 87,000 on 30th July 2019. The bill was drawn on 26th July 2019 for ₹ 1,00,000 for 90 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 ______.
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 ______.
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 ______.
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 ______.
