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NCERT-BILL OF EXCHANGE -Questions for Practice
- State any four essential features of bill of exchange
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- State the three parties involved in a bill of exchange.
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- What is meant by maturity of a bill of exchange?
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- What is meant by dishonour of a bill of exchange?
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- Name the parties to a promissory note
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- What is meant by acceptance of a bill of exchange?
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- What is Noting of a bill of exchange.
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- What is meant by renewal of a bill of exchange?
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- Give the performa of a Bills Receivable Book.
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- Give the performa of a Bills Payable Book
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- What is retirement of a bill of exchange?
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- Give the meaning of rebate
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- Give the performa of a Bill of Exchange.
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- A bill of exchange must contain “an unconditional promise to pay” Do y...
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- Briefly explain the effects of dishonour and noting of a bill of excha...
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- Explain briefly the procedure of calculating the date of maturity of a...
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- Distinguish between bill of exchange and promissory note.
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- Briefly explain the purpose and benefits of retiring a bill of exchang...
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- Explain briefly the purpose and advantages of maintaining of a Bills R...
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- Briefly explain the benefits of maintaining a Bills Payable Book and s...
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