On 1.1.09 Mr. X draws on Mr. Y a bill for Rs. 20,000 payable after date for 3 months. The legal due date of the bill will be :
On 1.1.09 Mr. X draws on Mr. Y a bill for Rs. 20,000 payable after sight for 3 months.Mr. Y accepted the bill on 4.1.2009. The legal due date of the bill will be :
On 1.1.09 Mr. X draws on Mr. Y a bill for Rs. 20,000 payable after date for 3 months. 4th april was a sudden holiday,the legal due date of the bill will be :
On 1.1.09 Mr. X draws on Mr. Y a bill for Rs. 20,000 payable after sight for 3 months. Mr. Y accepted the bill on 4.1.2009. 7th april is a public holiday,the legal due date of the bill will be :
X draws a bill worth Rs. 5,000 on Y . X endorsed the bill to Z who in turns endorsed the bill to A. Payee in this case is
On 1.1.09 Mr. X draws on Mr. Y a bill for Rs. 20,000 payable after date for 30 days.Y accepted the bill on 4.1.2009.The legal due date of the bill will be :
On 1.1.08 Mr. X draws on Mr. Y a bill for Rs. 20,000 payable after sight for 90 days.The bill is accepted on 4.1.2008. The legal due date of the bill will be :
Under which circumstance drawer and payee is same person:
Which of the follwing is not a feature of a bill of exchange?
Which of the following is not a Foreign bill?
A promissorty note cannot be made payable to the bearer of the instrument?
A crossed cheque is a Negotiable instrument.
Which of the following statement is false:
Noting charges paid to Notary public is charged by :
Which of the following statement is false:
Indian currency is a
On 1.8.2009 X draws a bill on Y for Rs. 15000. At maturity the bill is returned dishonoured and noting charges paid by X Rs.50. Y request X to accept Rs. 4000 and for the balance draw a fresh bill for 2 months together with interest @12% p.a.
The amount of interest will be:
On 1.1.2009 X draws a bill on Y for Rs.10000 for 3 months. On 4.2.2009 X got the bill discounted @ 10% p.a. The amount of discount will be:
X sold goods to Y Rs. 50000 at 20% trade discount. Y immediately paid Rs. 20000. X will grant 10% discount on balance and Y request X to draw a bill for the balance, the amount of the bill will be:
Accomodation bill is prepared at will of both the parties.