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Question-1
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-2
A bill of exchange is an unconditional___________
(A)
Order
(B)
Undertaking
(C)
None of these
(D)
Both of these
Question-3
Evidence of dishonor of a bill is got through___________
(A)
Discounting
(B)
Noting
(C)
Retiring
(D)
Dishonoring
Question-4
Find the odd one and state reason
(A)
Usable
(B)
Tenor
(C)
Tenure
(D)
Days of grace
Question-5
When the amount of the bill is paid before maturity it is called
(A)
Retiring a bill
(B)
Renewal of a bill
(C)
Dishonor of bill
(D)
Discounting of a bill
Question-6
A__________ is payable in demand
(A)
Bill of exchange
(B)
Cheque
(C)
Promissory note
(D)
None of these
Question-7
A cheque is drawn on a _____________only
(A)
Person
(B)
Bank
(C)
Government
(D)
none of these
Question-8
The person, other than the drawer, who is named to receive the amount of the bill is
(A)
Acceptor
(B)
Payee
(C)
Endorser
(D)
Bank
Question-9
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
Question-10
A----------------- need not be accepted
(A)
Cheque
(B)
Bill of exchange
(C)
Promissory note
(D)
None 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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