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Category Bills of Exchange

Bills of Exchange 39 Questions

0 Votes 1 Ans

On 1st March, 2023, R accepted a bill of exchange for ₹ 20,000 from S payable 3 months after date in full settlement of his dues

927 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

On 1st Janurary, 2023, A draws a bill on B for ₹ 10,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection

571 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

On 1st July, 2022, A drew a bill for ₹ 50,000 on B payable after 3 months. A discounted it with the bank for ₹ 48,500

1.03K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

Ram draws a bill for ₹ 2,000 on Shyam on 15th September, 2020 for 3 months. On maturity, Shyam failed to honour the bill

691 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

Mohan draws a bill on Jagat for ₹ 10,000 payable 2 months after date. Immediately after its acceptance, Mohan sends the bill to his bank for collection

862 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

A sold goods to B for ₹ 20,000. B accepts two bills of ₹ 10,000 each for 3 months. A endorsed one bill to C

1.62K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

On 10th July, 2020, A sold goods to B for ₹ 35,000. He drew on him a 3 months bill for ₹ 35,000

1.06K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

A sold goods to B for ₹ 20,000 on credit of 3 months. B accepted a draft for the amount. The draft was endorsed in favour of C, who got the payment on maturity

977 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

A owed B ₹ 8,000. He gave a bill for the same on 1st August, 2020 payable after 4 months at the Bank of India, Chandni Chowk, Delhi

955 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

A drew a bill of ₹ 1,000 on B which was duly accepted by the latter. A endorsed the bill to C in full payment of his own acceptance to C for a like amount

904 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

Vinod sold goods to Darbara for ₹ 10,000. Vindo drew on the latter a bill for the amount payable 3 months after date

1.10K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

Dinesh received from Shridhar an acceptance for ₹ 9,000 on 1st September, 2022 at 3 months. Dinesh got the acceptance discounted at 9% p.a. from his bank

1.29K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

Mohan sold goods to Kumar for ₹ 10,000. He drew on him a bill for ₹ 10,000 payable 3 months after the date

1.29K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

0 Votes 1 Ans

On 10th March, 2023, Gopal draws on Sanjay a bill at 3 months for ₹ 20,000 which Sanjay accepts immediately and returns to Gopal. The bill is honoured on due date

1.18K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange

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