If a bill is. dishonoured, when presented for payment by third party, the drawer will debit:

A bill of Rs 23000 dishonoured and noting charges paid by Drawer is Rs. 100 than Drawee's A/c will be Debited for Rs. __________.

When noting charges are paid by the bank at the time of the dishonour of the bill, the drawee credits:

At the time of endorsement of a bill, the drawer credits:

When the bill is dishonoured, the account debited in the book of drawee _____________.

If a cheque sent for collection is dishonored, the debit is given to _________.

A customer's cheque returned dishonoured is recorded in_________________.

When a bill deposited for collection by the drawer in his bank is dishonoured, drawer has to credit _____________ A/c.

Fees charged by the notary public on dishonouring of bill ______________.

Officer appointed by Central Government for noting of dishonour bill.

To record noting charges drawer _______ Cash A/c.

On due when Drawee Fails to make the payment of the bill _____________.

when bill is dishonored  ___________ account is Debited along with Bill payable A/c for recording noting charges.

Which of the following is not correct ?

Noting charges is borne by _______.

when endorsed bill is dishonored ______ A/c is Debited.

When a bill, which is presented by a bank for payment, is dishonoured, the account to be credited is ___________________.

Bills sent for collection Rs 1000 dishonored and noting charges paid by drawer Rs 100 then, Cash A/c will be credited by Rs. _____________.

On dishonour of a bill discounted the drawer gives credit to ________.

Mr. X accepted a bill of exchange of $Rs. 1500$ drawn by Y and payable in $3$ months. He got it discounted from bank at $2$% discount. On the due date X failed to pay the bill as he was adjudged insolvent. A final dividend of $0.25$ in a rupee was received from his estate. Find the amount recovered from the estate of X.

On dishonourment of a bill received through endorsement, debit is given to ________.

Insolvency of the drawee amounts to ________ of the bill.

________ debit noting charges A/c.

Refusal or inability of the acceptor to pay the amount of bill is termed as _______.

Dishonour of a foreign bill requires protest if the law of the place ________ requires.

When noting charges are paid at the time of dishonour of the bill, the drawee always debits ______________ account. 

Notary public may charge his fee from the __________.

Which of the following is correct for presenting bill through notary public?

Which of the following statements is true?

Noting fee means __________.

Noting charges are considered as expense by the party, who makes the payment.

Which of the following statements is true?

When the bills is to be produced to notary public at the time of ___________.

Noting Charges account is debited by _________.

When an accommodation bill is discounted and the amount received is shared by the two parties, the discount is borne by the _________.

a bill drawn on 23.11.2013 as payable 2 months after sight was accepted on 24.11.2013. The date of maturity of this bill will be ______.

A bill drawn on 25.11.2013 as payable 60 days after date was accepted on 26.11.2013. The date of maturity of this bill will be________.

The term of a "bill after sight" commences ______.

When the acceptor of an instrument is also a drawer, notice of dishonour is ________________.

In case of dishonour of a discounted bill, noting charges are initially paid by __________.

From the following information, find out who can draw the bill if Mr A sold goods to B.

Dishonour by non-acceptance takes place _________________.

Discount charges of Rs.1,000 on discounting a Bill Receivable accepted by consignee are debited to:

A bill of 1,50,000 was discounted by A with the banker of 1,45,500. At maturity, the bill returned dishonoured, nothing charges 200. How much amount will the bank deduct from A's bank balance at the time of such dishonour?

X accepted a bill drawn by Y who endorsed the bill to Z. One the due date, the bill is dishonored. To record the dishonor of the bill in the books of Y, Which of the following accounts should be credited?

X draws a bill on Y for 1,50,000 for 3 months on 1.1.13. The bill is discounted with the banker at a charge of  4,500. At maturity the bill return dishonored. In the books of X, for dishonor, the bank account will be credited by:

On 18.2.13 A drew a bill on B for 10,000. B accepted the bill on 21.2.13. The bill is drawn for 30 days after sight. The due date of the bill will be:

On 1st Jan 2013,  X draws a bill on Y for Rs 1,50,000 for 3 months. X got the bill discounted on 4th Jan 2013, @ 12% p.a. The amount of discount on bill will be:

On 10th Sept. X draws a bill on Y for 3 months for 20,000. $ { 13 }^{ th } $ Dec. Was a sudden holiday, due date of the bill will be:

X got Y's acceptance on s bill drawn for Rs 1,50,000, discounted at 2 months at 12% p.a. The amount of discount will be?

A bill is drawn on $ { 29 }^{ th } $ Jan for one month after date. The date of acceptance is $ { 2 }^{ nd } $ Feb. The bill is drawn on one month after date basis. The due date of the bill will be:

On 10th Sept. X draws a bill on Y for 25,000 for 30 days. 13th Dec. is public holiday, due date of the bill will be:

A draws a bill on B for 1,50,000. A endorsed the bill to C. The bill return dishonoured. Noting charges 1,500. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:

X draws on Y a bill for 6,00,000 on 1st April for 2 months. Y accepts the bill and sends it to X who gets it discounted for 5,88,000. X immediately remits 1,96,000 to Y. On due date, X being unable to remit the amount due accepts a bill for 8,40,000 for 2 months which is discounted by Y for 8,20,000. Y sends 1,48,000 to X out of the same. How much discount will be borne by X at the time of 1,48,000 remittances.

X sold goods worth Rs 1,50,000 to Y. Y immediately accepted a bill on 1st Nov payable after 2 months. X discounted this bill @ 18% p.a. on 15th Nov. On the due date , Y failed to discharge the bill. Later on Y became insolvent and 50 paise in a rupee is recovered from Y's estate. How much amount of bad debt will be recorded in the books of X?

X sold goods to Y on 1st June for 1,50,000. Y immediately accepted a three months bill. On due date Y requested that the bill be renewed for a fresh period of two months. X agrees provided interest at 9% p.a. was paid immediately is cash. What will be the amount of interest in the books of X?

M sold goods worth of Rs 1,50,000 to N. On 1st Oct, N immediately accepted a three month bill. On due date N requested that the bill be renewed for a fresh period of 3 months. N agrees to pay interest @ 18% p a. in cash. How much interest to be paid in cash by N?

X drew a bill on Y for 3,000. X endorsed it to Z who endorsed it to W. The payee of the bill will be:

On 1st Jan X draws a bill of exchange for 1,50,000 due for payment after 3 months on Y who accepts this bill of exchange. On 4th March Y retires the bill of exchange at a discount of 12% p.a. Which of the discount is correct for premature payment in the books of Y.

X draws an accommodation bill on Y. The proceeds are to be borne by Y and X in the ratio of 3:1. The amount of bill was Rs 60,000, discounting charges are Rs 1,200. Discount borne by Y will be:

X drew a bill on Y for 45,000 for mutual accommodation in the ratio 2:1. Y accepted the bill and returned to X. X discounted the bill for 42,300 and remitted 1/3rd proceeds to Y. Before the due date, not having funds to meet the bill, Y drew a bill on X for 63,000 on the same terms as to mutual accommodation. The second bill was discounted for 61,200. The first bill was honored in the due date and a net amount of 10,800 was remitted to X by Y. The proportionate discount charge on both the bills is to be borne by X is:

On 1st Jan, X drew a bill on Y for 3 month for Rs 1,50,000. On 4th March, Y pays the bill to X at 12% p.a. discount, the amount of discount will be?

If a bill is dishonored, when presented for payment by third party, the drawer will debit ___________.

On 1st Jan, 2017 X sold goods to Y for Rs 10,000 on credit basis. On the same date X drew a bill for Rs 10,000 on Y at two months. Y accepted the bill and returned it to X. On the due date Y could not honor acceptance. What is the journal for recording the dishonor of a bill?

______ bears the expenses of noting charges on dishonourment of a bill of exchange.

A draws a bill on B for Rs. 60,000. A endorsed it to C in full settlement of Rs. 60,500. On due date, the bill was dishonored. Noting charge of Rs. 500 was paid. A wanted to pay the amount to C at 2% discount. The amount to be paid by A to C will be ___________.

Use the following information .

1. X and Y enter into a joint venture sharing profits & losses in the ratio of 3:2.
2. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales.
3. X purchased goods for 4,00,000 and sent the same to Y. Supplier allowed a cash discount of 5%.
4. X drew a bill on Y for an amount equivalent to 80% of the original cost of goods. X got it discounted at 3,00,000.
5. Y sold 50% goods for 5,00,000 and paid 4,000 towards selling & administration expenses and insurance and 1,000 still outstanding. Y allowed a cash discount of 5% to a customer to whom goods were sold for 2,00,000. Bad Debts amounted to 16,000.
6. 50% of balance goods are taken over by Y at 60% of Cost.
7. Remaining Goods were destroyed by fire and insurance claim was received by Y to the extent of 60%.

When noting charges are paid by the bank at the time of the dishonor of the bill, the drawee credits ____________.

X draws a bill on Y for Rs. 50,000 for 3 months on 1.1.05. The bill is discounted with banker at a discount of Rs. 1000. At maturity the bill returns dishonored. In the books of X, for dishonor, the bank account will be credited by __________.