Question
The demand curve shows
that:Solution
The demand curve typically slopes downward, showing an inverse relationship between price and quantity demanded. As the price of a good rises, consumers tend to buy less of it.
A bill of exchange drawn on 15th March for 2 months will mature on:
A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
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 op...
The party who is entitled to receive the payment of a bill of exchange is called the:
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 fa...
Noting charges are ultimately borne by the:
Accounts relating to income, revenue, gain expenses, and losses are termed as:
The term 'Days of Grace' in relation to a bill of exchange refers to:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
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