Practice Bills of Exchange Questions and Answers
- Which accounting standard governs the treatment of inventories in India?
- Which of the following is an example of transaction in money under GST laws
- Accounts relating to income, revenue, gain expenses, and losses are termed as:
- CSR stands for
- Mr. X draws a bill on Mr. Y for ₹1,00,000 payable after 3 months. Mr. Y accepts the bill but fails to honour it on maturity. What is this act called in a...
- A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
- Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fails...
- Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the bill...
More Topics
- Accounts Questions
- Auditing Questions
- Banking Operations Questions
- Bonds Questions
- Capital Budgeting Questions
- Commerical Law Questions
- Costing Concepts Questions
- Depreciation Questions
- Financial Statement Analysis Questions
- Foreign Exchange Questions
- Forming base to Accounts Questions
- GST Questions
- NBFC Credit PSL Questions
- Presentation of Company Financial Statements Questions
- Taxation Related Questions