Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	The Legal tenor of a bill is	Sixty Days One Month Eighty Days Ninety Days
2	When a Bill is dishonoured, the holder of the bill goes to an official called	Inspector Notary Public Drawer Manager
3	When an acceptor refuses to pay the amount of bill to the holder on its maturity date it is called	Honoured Bill Retired Bill Dishonoured Bill Endorsed Bill
4	When a bill is transferred by the drawer to his creditor, for settlement of his debts, it is called	Retirement of Bill Endorsement of a Bill Discounting of a Bill Settlement of a Bill
5	The act of withdrawing a bill of exchange from circulation when it had been paid before the due date	Renewal of a Bill Discounting of a Bill Endorsement of a Bill Retiring of a Bill

News