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Question-1
Find the odd one and state reason
(A)
Usable
(B)
Tenor
(C)
Tenure
(D)
Days of grace
Question-2
Find the odd one from the following and state the reason
(A)
Sending notice
(B)
Retiring the bill
(C)
Dishonoring the bill
(D)
Noting the bill
Question-3
Evidence of dishonor of a bill is got through___________
(A)
Discounting
(B)
Noting
(C)
Retiring
(D)
Dishonoring
Question-4
A__________ is payable in demand
(A)
Bill of exchange
(B)
Cheque
(C)
Promissory note
(D)
None of these
Question-5
The amount of bill must be__________
(A)
Certain
(B)
Uncertain
(C)
None of these
(D)
Both of these
Question-6
A bill of exchange is drawn by____________
(A)
Debtor
(B)
Creditor
(C)
Owner
(D)
None of these
Question-7
The maker of the bill of exchange is called
(A)
Drawer
(B)
Drawee
(C)
Payee
(D)
Endorser
Question-8
Noting and protesting on dishonor is compulsory for a__________
(A)
Time bill
(B)
Demand bill
(C)
Accommodation bill
(D)
Foreign bill
Question-9
The process of writing the details of the dishonored bill in the official register of the Notary public?
(A)
Noting
(B)
Protest
(C)
Allonge
(D)
None of these
Question-10
When the drawee refuses to accept a bill drawn by drawer or puts condition not acceptable to the drawee, the bill is said to have been _________
(A)
Dishonored by non payment
(B)
Dishonored by non acceptance
(C)
None of these
(D)
All of these
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Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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