Question
A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
More Bills of Exchange Questions
- 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 acc...
- When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
- Accounts relating to income, revenue, gain expenses, and losses are termed as:
- The person who draws a bill of exchange is called the:
- Noting charges are recoverable from:
- A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
- When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
- A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
- A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
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