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Bill of Exchange
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Bill of Exchange
The formal certificate of dishonoring the bill issued by the notary public is called:
Nothing
Nothing charges
Footing
Protest
Author:
rikazzz
Comment
Bill of Exchange
An accommodation bill is drawn:
Without trading
Without consideration
For financial assistance
All of the above
Author:
rikazzz
Comment
Bill of Exchange
The bills receivable book is a part of the:
Journal
Ledger
Trading account
Profit and loss account
Author:
rikazzz
Comment
Bill of Exchange
The period of time after which a bill becomes payable is called:
Day of grace
Usance
Tenor
None of the above
Author:
rikazzz
Comment
Bill of Exchange
The act of transferring a bill of exchange from one person to another is called:
Discounting
Acceptance
Endorsement
Retirement
Author:
rikazzz
Comment
Bill of Exchange
A promissory note contains:
An unconditional order
A promise
A conditional order
None of the above
Author:
rikazzz
Comment
Bill of Exchange
The number of parties in a promissory note is:
Two
Three
Four
Five
Author:
rikazzz
Comment
Bill of Exchange
A bill promise contains:
A promise
An unconditional order
A request
Endorsee
Author:
rikazzz
Comment
Bill of Exchange
Kite-flying or kiting in an accommodation bill refers to the:
Endorsement of the bill
Retirement of the bill
Discounting of the bill
Renewal of the bill
Author:
rikazzz
Comment
Bill of Exchange
The acceptor of a bill of exchange is called the:
Drawee
Drawer
Payee
Endorsee
Author:
rikazzz
Comment
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