Tag: renewal of the bill
Questions Related to renewal of the bill
Interest due in the books of drawer is ______________ drawee's account.
During renewal of the bill the old bill is _____________ and fresh bill is accepted.
A bill of Rs.10000 Retired one month before due date @12% p.a , ascertain the rebate allowed ____________.
During renewal ________ are not considered as cancellation cost is mutually agreed between both the parties.
Only ________ can retire the bill before due date.
Retirement of bill means __________.
When part payment is received drawer debits ________ account.
When drawee approaches the drawer for further extension of bill it is known as __________________.
At the time of retirement of a bill a exchange, the drawee credit ___________.
X draws a bill of exchange of Y for $Rs. 20,000$ payable in $4$ months. On the due date Y could not make the payment and requested X to renew a fresh bill for another three months at $12$% interest p.a. The amount of fresh bill will be ____________.