Accounting Mcqs — Test 10
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Question 1
A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?
Question 2
When bill discounted with the bank is dishonored?
Question 3
In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?
Question 4
The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
Question 5
The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
Question 6
Under which of the following situations, is journal entry not passed in the books of the drawer?
Question 7
Which of the following is not a feature of a promissory note?
Question 8
How many parties are generally found in a Bill of Exchange?
Question 9
Negotiable Instrument Act was enacted in_________?
Question 10
Which of these is not an essential feature of a bill of exchange?