Question 2 :
State whether the following statement is True or False.<br>Noting charges are payable to the Notary public, in case of honour of a bill.
Question 3 : <p>The cancellation of the old bill maturity in return for a new bill (which includes interest) for an extended period is called<b>________________.</b></p>
Question 4 :
The true discount on a bill due $9$ months hence at $16$% per annum is $Rs. 189$. The amount of the bill is:
Question 5 :
The period intervening between the date on which a bill is drawn and the date on which it becomes due for payment is called
Question 6 :
Mr.Lava draws a bill on Mr.Kusha on 1st April, 2018 for Rs. 30,000 for 3 months payable after sight. The bill was accepted on 7th April, 2018. Calculate due date for the above bill?
Question 7 :
Bills sent for collection Rs 1000 dishonored and noting charges paid by drawer Rs 100 then, Cash A/c will be credited by Rs. _____________.<br/>
Question 8 :
On $18.2.2019$ A draws a bill on $B$ for $Rs. 1,25,000$. $B$ accepted the bill on $21.2.2019$. The bill is drawn for $30$ days after sight. The maturity date of the bill will be : ________.
Question 9 :
________ is not an essential requirement of a valid promissory note?
Question 10 :
If the bill of exchange of two month's duration is accepted on 23rd November 1985 its maturity date will be ____________.<br/>
Question 11 :
State whether the following statements are True and False.<br>Drawee can transfer the ownership of the bill.
Question 12 :
On 1st Jan, X drew a bill on Y for 3 month for Rs 1,50,000. On 4th March, Y pays the bill to X at 12% p.a. discount, the amount of discount will be?
Question 13 :
__________________ means cancellation of old bill and drawing a new bill.<br>
Question 14 :
On acceptance of bill - the drawee, debit which of these accounts?
Question 16 :
______ bears the expenses of noting charges on dishonourment of a bill of exchange.
Question 17 :
If the bill of exchange of two month's duration is accepted on 15th September its maturity date will be __________.<br/>
Question 18 :
If the bill is drawn on 3rd July and the duration of bill is 40days, the due date of bill will be ________________.<br/>
Question 19 :
A draws a bill of exchange of $Rs. 8,000$ on B for $4$ months on $15th\ April$. What is the due date if on the due date a public holiday is suddenly declared?
