Bill of Exchange MCQs
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MCQs 1 to 10
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How many parties are involved in case of discounting of bill?
Correct!
Wrong!
In case if endorsement of bill the endorser debits?
Correct!
Wrong!
If the drawer is in need of money and cannot wait till due date and receive the money form bank is called?
Correct!
Wrong!
Which of the following is not true?
Correct!
Wrong!
When a drawer discounts the bill, he gets?
Correct!
Wrong!
When an acceptor refuses to pay the amount of bill to the holder of bill on its maturity is called?
Correct!
Wrong!
It is a period of time after which a bill becomes payable?
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Wrong!
A person who writes out the order to pay is called?
Correct!
Wrong!
A bill of exchange is an?
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In case of term bill extra three days are given to acceptor are called?
Correct!
Wrong!
>> Read Bill of Exchange
MCQs 11 to 20
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A person who is ordered to pay a bill of exchange is called?
Correct!
Wrong!
In case of retirement of bill, the rebate or discount is a revenue for the?
Correct!
Wrong!
When a drawee is declared insolvent, which account is to be debited in the books of drawer?
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Wrong!
When a drawer discounts a bill, he debits?
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Wrong!
The person to whom the bill is transferred will become?
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Wrong!
The bill become payables at any time when they are presented by the holder are called?
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Wrong!
A bill of exchange is drawn by?
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Wrong!
Bill payable account is a?
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Wrong!
Interest on renewal of a bill is an expense to the?
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Wrong!
When a bill is dishonored, the holder of the bill goes to an official called?
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Wrong!
>> Practice Final Accounts MCQs
Related Topics
Departmental Accounts MCQs
Departmental Accounts Problems
Company Final Accounts MCQs
Company Final Accounts Problems
More Interest
Bill of Exchange Problems
References
Afzal, S., & Ch., M. A. (2015). Principles of Accounting (I.Com Part-I). Lahore: Azeem Academy.
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