Question
Accounts relating to income, revenue, gain expenses, and losses are termed as:
More Bills of Exchange Questions
- A bill of exchange drawn on 15th March for 2 months will mature on:
- A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
- Noting charges are recoverable from:
- A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
- The party who is entitled to receive the payment of a bill of exchange is called the:
- When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
- The person who draws a bill of exchange is called the:
- 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 t...
- The person in whose Favor a bill is endorsed is called:
- If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the opera...
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