Question
A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
More Bills of Exchange Questions
- When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
- When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
- A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
- A bill of exchange drawn on 15th March for 2 months will mature on:
- Noting charges are recoverable from:
- 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 acc...
- Accounts relating to income, revenue, gain expenses, and losses are termed as:
- 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 party who is entitled to receive the payment of a bill of exchange is called the:
- Which of the following is an example of transaction in money under GST laws
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
