Advertisements
Advertisements
Question
When a bill is drawn for 2 months after date on 3rd Jan. 2020, its due date will be ___________.
Options
3rd Jan. 2020
3rd Mar. 2020
5th Mar. 2020
6th Mar. 2020.
Solution
When a bill is drawn for 2 months after date on 3rd Jan. 2020, its due date will be 6th Mar. 2020.
APPEARS IN
RELATED QUESTIONS
When Acceptor or Drawee does not pay the amount of bill to the holder on the due date it is known as ___________ the bill.
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 drawn payable ‘on-demand’ no grace days are allowed.
Find the odd one:-
Do you agree or disagree with the following statement:-
The person in whose favour the bill is endorsed is known as endorsee.
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
Sr. No | Date of drawing | acceptance | Tenure | Type | Nominal due date | Legal due date |
1 | 3rd January 2020 | 5th January 2020 | 45 days | after date | ? | ? |
2 | 9th April 2019 | 12th April 2029 | 4 months | After sight | ? | ? |
3 | 23rd November 2019 | 23rd November 2029 | 2 months | after date | ? | ? |
4 | 16th August 2019 | 20th August 2019 | 4 months | After sight | ? | ? |
5 | 23rd December 2018 | 24th December 2018 | 60 days | after date | ? | ? |
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.
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
Prepare a demand bill with imaginary Drawer, Drawee, Address, Amount, and Date.
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 ______.
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 ______.
Give one word/phrase/term that can substitute for 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.
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 ______.