The person in whose favour the bill is endorsed is known as __________.

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:
• The person to whom bill is endorsed is known as __________.
• 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 Ram's acceptance which was endorsed by us in favour of Saleem is dishonoured, then the amount will be debited in our books to
• The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
• If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time of endorsement involves
• Bills receivable as endorsed is debited to
• When a B/R is endorsed by the Drawer what entry is passed by the Drawee—
• Which of the following transactions of a business is/ are recorded in Journal Proper? (i) Purchase of goods on credit (ii) Sale of Office Furniture for cash (iii) Discounting of Bill of Exchange with a bank (iv) Endorsement of a Bill of Exchange in settlement of debt of the business
• A Bill of Exchange is drawn on 1st April, 2012 payable after 3 months. The due date of the bill is