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Question-1
A----------------- need not be accepted
(A)
Cheque
(B)
Bill of exchange
(C)
Promissory note
(D)
None of these
Question-2
There are _____________ parties in a promissory note
(A)
Two
(B)
Three
(C)
Four
(D)
One
Question-3
Find out odd one and state the reason
(A)
Acceptor
(B)
Drawee
(C)
Debtor
(D)
Payee
Question-4
Those bills which are payable in maturity are known as
(A)
After sight
(B)
After date
(C)
Both a and b
(D)
None of these
Question-5
Days of grace are not allowed in ____________
(A)
Cheque
(B)
Promissory note
(C)
Bill of exchange
(D)
Both a and b
Question-6
A bill is called a _________ before its acceptance by a drawee
(A)
Draft
(B)
Cheque
(C)
Promissory note
(D)
None of these
Question-7
A person on when the bill of exchange is drawn is known as ____________
(A)
Drawer
(B)
Drawee
(C)
Payee
(D)
None of these
Question-8
The extra days allowed on payment of bill is called__________
(A)
Grace days
(B)
Days of grace
(C)
Both a and b
(D)
None of these
Question-9
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-10
If the due date of the bill falls on a public holiday, it should be presented on the just----------- day
(A)
Succeeding day
(B)
Previous
(C)
Same
(D)
Any other
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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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