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When an acceptor refuses to pay the amount of bill to the holder of a bill on its maturity, is called?
It Is called dishonored bill in accounting
It Is called dishonored bill in accounting
See lessIn the case of term bill, extra three days are given to the acceptor are called?
It is called days of grace in accounting
It is called days of grace in accounting
See lessThe party which is ordered to pay the amount of bill of exchange is called?
The party which is ordered to pay the amount of bill of exchange is called Drawee
The party which is ordered to pay the amount of bill of exchange is called Drawee
See lessDue date of a bill of exchange drawn on 30th January 2011 for one month will be ?
Due date of a bill of exchange drawn on 30th January 2011 for one month will be 3rd March 2011
Due date of a bill of exchange drawn on 30th January 2011 for one month will be 3rd March 2011
See lessOn dishonour of a discounted bill, who does the bank look for payment?
Drawer is held responsible for payment
Drawer is held responsible for payment
See lessEncashing the bill before the date of its maturity is called?
Encashing the bill before the date of its maturity is called Discounting of bill
Encashing the bill before the date of its maturity is called Discounting of bill
See lessA bill of exchange can not be?
A bill of exchange can not be Refused
A bill of exchange can not be Refused
See lessProvide any cause of depreciation ?
Wear and tear due to use or passage of time.
Wear and tear due to use or passage of time.
See lessThe depreciation charged on an asset will be credited to ?
The depreciation charged on an asset will be credited to Asset account
The depreciation charged on an asset will be credited to Asset account
See lessDepreciation is charged on ?
Depreciation is charged on Fixed tangible asset
Depreciation is charged on Fixed tangible asset
See less