The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by

Related MCQs

• Kuntal draws a bill on shyam for ` 7,000.Kuntal endorsed it to Ram. Ram endorsed it to Rahim. The payee of the bill will be:
• Noting charges are ultimately borne by—
• Who bears noting charges in case of dishonor of a bill of exchange.
• M draw a 3 months bill of exchange of ` 20,000 on T on 1st April 07. On due date T paid ` 4,000 and requested M to draw another bill of exchange for 2 months. On the due date of second bill of exchange T is declared insolvement and a dividend of 25 paisa in a rupee is expedited to be realized from his assets. Find the amount receivable from T in respect of the outstanding bill of exchange
• If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time of endorsement involves
• The person to whom bill is endorsed is known as __________.
• The person in whose favour the bill is endorsed is known as __________.
• Bills receivable as endorsed is debited to
• ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper
• When a B/R is endorsed by the Drawer what entry is passed by the Drawee—