BILLS OF EXCHANGE

Question 1

1) DRAWER
2)DRAWEE

Answer 1

1) the person who draws the bill
2)the person on whom the bill is drawn

Question 2

BILL DRAWN ENTRY

Answer 2

BILLS RECEIVABLE ALC—DR
TO CREDITOR

Question 2

RENEWAL PE

Answer 2

PPURANA BILL CANCEL KARNA

Question 2

DURING REBATE

Answer 2

WHILE CALCULATING IT LEAVE 3DAYS GRACE AND CALCULATE WITHOUT IT

Question 3

1) RENEWAL
2)DISHONOUR
3) INSOLVENCY

Answer 3

3 MEI BILL DISHONOUR HOKE “CANCEL” HOGA

Question 4

WHEN THE BILL IS DISCOUNTED OR ENDORSED BEFORE RENEWAL THEN

Answer 4

(DEBTOR) RITA ALC—–DR
TO BANK (IMP TO REMEMBER)
cancellation of the bill happened here thats why ulta

Question 5

WE CAN ASSUME THAT THE WHOLE PAYMENT RECEIVED IS CASH BUT EXCEPT

Answer 5

THE SITUTATIONS WHERE THE PERSON IS INSOLVENT THAT TIME U NEED TO TAKE IT AS BANK
( and also in the case of bill discounting money discounted and received from bank)

Question 6

ACCOMODATION KE SUMS MEI PERSONAL ACCOUNTS LIKE BILLS PAYABLE AND RECEIVABLE

Answer 6

SHOULD ALWAYS BE ZERO

Question 6

IN ACCOMODATION OF THE BILL WALE SUMS MEI

Answer 6

HAR BOOKS MEI JO PERSONAL ACCOUNT HAI USKO DR CR KRKE JO USKA BALANCE HAI USKO SETTLE KRNA HAI WITH BANK

Question 7

REVISION OF BEO

Answer 7

SUM NO
9&10