Tag: advantages of bill of exchange
Questions Related to advantages of bill of exchange
Noting charges is borne by _______.
when endorsed bill is dishonored ______ A/c is Debited.
When a bill, which is presented by a bank for payment, is dishonoured, the account to be credited is ___________________.
Bills sent for collection Rs 1000 dishonored and noting charges paid by drawer Rs 100 then, Cash A/c will be credited by Rs. _____________.
On dishonour of a bill discounted the drawer gives credit to ________.
Mr. X accepted a bill of exchange of $Rs. 1500$ drawn by Y and payable in $3$ months. He got it discounted from bank at $2$% discount. On the due date X failed to pay the bill as he was adjudged insolvent. A final dividend of $0.25$ in a rupee was received from his estate. Find the amount recovered from the estate of X.
On dishonourment of a bill received through endorsement, debit is given to ________.
Insolvency of the drawee amounts to ________ of the bill.
________ debit noting charges A/c.
Refusal or inability of the acceptor to pay the amount of bill is termed as _______.