__________ of the bill occurs when drawee has funds at disposal and makes a request to drawer or holder to accept the payment before its due date.

A bill of Rs. 5000 is being renewed for next 3 month with interest @ 12 % p.a
ascertain the Interest Amount __________.

When bill is cancelled Drawee passes Following Entry ______________.

\Discount at the time of retirement of a Bill is a gain for the drawee.

If the drawee pay the bill before its maturity date it is called ___________.

At the time of renewal of a bill, interest account is in the books of the drawer. 

Retiring or outgoing partner:

When bill is retired , What will be the entry in the books of Drawee ?

Rebate is calculated for __________ time before the due date.

Discount allowed by the holder of the bill to encourage retirement is called _____.

Payment of bill before due date _________________.

Rebate on bills discounted is _______ from interest and discount in the P/L Account .

When an amount is paid before maturity the bill is said to be ______.

At the time of retirement of a bill, the acceptor debits:

__________________ means cancellation of old bill and drawing a new bill.

At the time of the renewal of a bill, interest account is ____________ in the books of the drawee.

Which of the following is not correct ?

____________ means payment of  bill before due date.

At the time of retirement of a bill, the accounts to be credited are:

The cancellation of the old bill maturity in return for a new bill (which includes interest) for an extended period is called ________________.

Interest due in the books of drawer is ______________ drawee's account.

During renewal of the bill the old bill is _____________ and fresh bill is accepted.

A bill of Rs.10000 Retired one month before due date @12% p.a , ascertain the rebate allowed ____________.

During renewal ________ are not considered as cancellation cost is mutually agreed between both the parties.

Only ________ can retire the bill before due date.

Retirement of bill means __________.

When part payment is received drawer debits ________ account.

When drawee approaches the drawer for further extension of bill it is known as __________________.

At the time of retirement of a bill a exchange, the drawee credit ___________.

X draws a bill of exchange of Y for $Rs. 20,000$ payable in $4$ months. On the due date Y could not make the payment and requested X to renew a fresh bill for another three months at $12$% interest p.a. The amount of fresh bill will be ____________.

When a bill is discharged, the receiver debits ___________.

S draws 2 bills of exchange on 1.1.06 for Rs. 3,000 and Rs. 10,000 respectively . The bill of exchange for Rs. 3,000 is for 2 months, while the bill of exchange for Rs. 10,000 is for 3 months. These bills are accepted by K. On 4.3.06 K requests S to renew the first bill with interest at 18% p.a for a period of 2 months. S agrees to this proposal. On 20.3.06 K retires the acceptance for Rs. 10,000 the interest rebate, i.e., discount being Rs. 50.
Before the due date of the renewed bill K becomes insolvent and only 60 paise in a rupee can be recovered from his estate. How much bed debt will be recorded in the books of S?

No cancellation entry is required when a bill is renewed.

On 1.1.05 X draws a bill on Y for Rs. 30,000 for 3 months. At maturity Y requests X accepts Rs 10,000 in cash and for balance to draw a fresh bill for 2 months together with 12% p.a interest, Amount of interest will be ___________.

Discount at the time of retirement of a Bill is a gain for the drawee.

Maternity Benefits (Amendment) Bill, 2016 provides _______ weeks of full paid maternity leave to women who work in organised sector.

At the time of Renewal of a bill, Interest account is debited in the books of a Drawee.

A cancellation entry is required, when a bill is renewed.

Del credere commission is normally calculated on total sales.

At the time of retirement of a bill, the receiver debits ___________.

X draws a bill of exchange on Y for $Rs. 20,000$ payable in $3$ months. On the due date Y could not make the payment and Y got it notified from the Notary Public on payment of noting charges of $Rs. 100$. Y requested him to draw a fresh bill for another three months at $12$% interest p.a. The amount of fresh bill will be ___________.

Shyam draws a bill of exchange on Raj for $Rs. 2000$ payable in $3$ months. On the due date Raj could not make the payment and requested Shyam to renew a fresh bill for another three months at $12$% interest p.a. The interest to be charged on fresh bill will be _____________.

_________ bears the interest charges on renewal of a bill of exchange on dishonourment.

On 1.1.13 X drew a bill on Y for 1,50,000. At maturity, the bill returned dishonoured as Y become insolvent and 40 paise per rupee is recovered from his estate. The amount recovered is ____________.

A draws a bill on B for Rs. 50,000 for 3 months. At maturity, the bill returned dishonored , noting charges Rs. 500. 40 paise in a rupee is recovered from B's estate. The amount of deficiency to be recorded on insolvency in the books of B will be __________.

On 1st Jan X draws a bill on Y for 1,50,000. At maturity Y requests X to draw a fresh bill for 2 months together with 12% p.a. interest. Nothing charges 500. The amount of interest will be: