Which of the following statements is/are true?
A) Noting charges are paid by the holder of the bill on the date of default
B) A bill can be endorsed only thrice
C) On renewal of bill the old bill is canceled
D) Both (a) and (c) above
Correct Answer:
Verified
Q10: Arrangement of Balance Sheet in a logical
Q11: Improper valuation of inventory effects-
A)Profitability .
B)Financial position
Q12: Find the cost of goods sold if
Q13: Find the value of opening stock from
Q14: A Bill of Exchange is drawn on
Q16: When bill discounted with the bank is
Q17: Which of the following statements is/are false?
A)Accommodation
Q18: In the books of the drawer, the
Q19: The noting charges levied on dishonour of
Q20: The drawer of a trade bill passes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents