NCERT Class 11 Chapter 8 Accountancy Bills of Exchange MCQ | Questions & Answers

NCERT Class 11 Chapter 8 Accountancy Bills of Exchange MCQ | Questions & Answers: The students of the 11th Class should make use of the NCERT Class 11 Chapter 8 Accountancy Bills of Exchange MCQ Quiz that we have provided here to improve their knowledge about this concept.

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1. Bills of Exchange contains an unconditional ____________, and Promissory note contains an unconditional _________________.

2. Noting charges are ultimately borne by -

3. A Promissory note _____________ the acceptance

4. B has accepted the bill drawn on him by A. Which of the following statements is correct?

5. At the time of renewal of a bill, _____________ account is debited in the books of the drawee.

6. A bill of Rs. 5,000 is discounted with the banker for RS. 4,750. The bill is dishonored at maturity. The drawee pays 60% of his acceptance. What is the amount of bad debts?

7. Refusal by the acceptor to pay the bill on the maturity date is called -

8. Find the due date of a bill of exchange dated 9th December, 2007, payable after 45 days.

9. The party which is ordered to pay the amount is known as -

10. Three days are added for ascertaining the date of maturity. These are known as days of-