Smartindia Classroom
CONTENTS
Accountancy
Business Studies
Computer Science
English I
Economics
English II
Back to home
Start Practice
Question-1
Bill drawn for three months on November 28, 2000 is payable on __________2001
(A)
March 1
(B)
March 2
(C)
March 3
(D)
March 4
Question-2
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-3
A formal certificate of dishonor issued by the notary public
(A)
Protest
(B)
Allonge
(C)
Hundi
(D)
Noting
Question-4
Identify the endorser from the following Pay to Bobby if he returns from Chennai Sd/ Arjun
(A)
Arjun
(B)
Bobby
(C)
None of these
(D)
Both of these
Question-5
Bill of exchange is a ______________instrument
(A)
Negotiable
(B)
Transferable
(C)
Legal
(D)
None of these
Question-6
Noting and protesting on dishonor is compulsory for a__________
(A)
Time bill
(B)
Demand bill
(C)
Accommodation bill
(D)
Foreign bill
Question-7
Bill of exchange payable on demand is known as ___________
(A)
Tenure of bill
(B)
Bill after date
(C)
Bill at sight
(D)
None of these
Question-8
Select the odd one and state the reason
(A)
Dishonoring the bill
(B)
Presenting the bill
(C)
Discounting the bill
(D)
Honoring the bill
Question-9
___________ is the holder of instruments who endorses in favor of another person
(A)
Endorser
(B)
Endorsee
(C)
None of these
(D)
Both of these
Question-10
There are _____________ parties in a promissory note
(A)
Two
(B)
Three
(C)
Four
(D)
One
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
Plus 1 Commerce
ICSE/ISC
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
Powered By
