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Accountancy
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English I
Economics
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Question-1
A__________ is payable in demand
(A)
Bill of exchange
(B)
Cheque
(C)
Promissory note
(D)
None of these
Question-2
Bill of exchange is a ______________instrument
(A)
Negotiable
(B)
Transferable
(C)
Legal
(D)
None of these
Question-3
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-4
Days of grace are not allowed in ____________
(A)
Cheque
(B)
Promissory note
(C)
Bill of exchange
(D)
Both a and b
Question-5
Evidence of dishonor of a bill is got through___________
(A)
Discounting
(B)
Noting
(C)
Retiring
(D)
Dishonoring
Question-6
There are _____________ parties in a promissory note
(A)
Two
(B)
Three
(C)
Four
(D)
One
Question-7
Which of the following is not a negotiable instrument
(A)
Bill of exchange
(B)
Promissory note
(C)
Share warrant
(D)
Postal order
Question-8
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-9
The separate sheet of paper attached to the bill for endorsement, when there is no space on the bank of the bill is called___________
(A)
Noting
(B)
Allonge
(C)
Retiring
(D)
Renewal
Question-10
The _______________ of the maker is primary and absolute
(A)
Liability
(B)
Interest
(C)
Both of these
(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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