Question
A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
More Bills of Exchange Questions
- A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
- Noting charges are ultimately borne by the:
- A bill of exchange drawn on 15th March for 2 months will mature on:
- 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...
- Which accounting standard governs the treatment of inventories in India?
- 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:
- Noting charges are recoverable from:
- Which of the following is an example of transaction in money under GST laws
- 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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