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Class 11 Accounts
Bills Of Exchange Quizz
Quiz 1
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Bill of Exchange has parties :A. 6B. 2C. 3D. 4
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The party which is ordered to pay the amount of bill of exchange is called :A. DraweeB. PayeeC. DrawerD. None of these
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The party which is entitled to receive the payment of bill of exchange is known as :A. DrawerB. PayeeC. DraweeD. None of these
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Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :A. 5 Mar.B. 3 Mar.C. 29 Feb.D. 4 Mar.
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The promissory note should be signed byA. PayeeB. DraweeC. DrawerD. Promiser
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On dishonor of a discounted bill whom does the bank look for paymentA. DrawerB. PayeeC. EndorserD. none
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While calculating the due date of the bill, how many days are added to the period of the bill :A. 4 daysB. 3 daysC. 5 daysD. Neither of these
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Encashing the bill before the date of its maturity is called :A. Dishonour of BillB. Retirement of BillC. Discounting of BillD. Endorsement of Bill
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A bill of exchange renewed generally at the request ofA. DraweeB. BankC. DrawerD. None
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A bill of exchange can not beA. EndorsedB. AcceptedC. RefusedD. Crossed
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