Question Text
Question 1 :
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 2 :
<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 :
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 6 :
The term Promissory notes is defined in section _______ of the Negotiable Instruments Act.
Question 7 :
While preparing P/L account, rebate on bills discounted to be provided shall be deducted from discount received is ________.
Question 8 :
The term bill of exchange is defined in section _________ of the Negotiable Instruments Act.
Question 9 :
A bill drawn and accepted on 23rd November 1994 for 2 months will be due for payment on _______________.<br/>
Question 10 :
Noting charges is paid only in case of _______________ of a bill.<br/>
Question 12 :
If payment is made on the average due date it results in ________________.
Question 13 :
If the bill is drawn on 14th May and the duration of bill is 90days, the due date of bill will be ________________.<br/>
Question 14 :
If tenure of bill is 90days ,accepted on 23rd Dec 1991 its due date will be _____________.<br/>
Question 15 :
Rebate on bills discounted is _______ from interest and discount in the P/L Account .