Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	When a drawee honours his acceptance, he will credit	Capital Account Drawer Account Bill Payable Account Cash Account
2	The person to whom bill is transferred will become	Endorser Creditor Debtor Endorsee
3	A bill from the point of view of a debtor is called	Bill Acceptable Bill Receivable Bill Payable None of these
4	A bill of exchange is a / an	Promise Unconditional Order Request Conditional Order
5	How many parties are involved in case of Discounting of a bill ?	Two Three Four None of these

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