A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?

Related Mcqs:

BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?

A. Cash receipts journal B. Cash payments journal C. Sales journal D. Purchase journal...

Discount for quick repayment of debt is normally referred as____________?

A. Trade discount B. Prompt payment discount C. Cash discount D. Bulk discount...

Revenue receipts are shown in___________?

A. Balance Sheet B. Profit and Loss appropriation A/c C. Manufacturing A/c D. Trading and Profit and Loss A/c...

If a company has contingent liabilities, they appear in the__________?

A. Balance Sheet B. Directors‘ report C. Notes on account to Balance Sheet D. Chairman‘s report Contingent liabilities are disclosed in the notes to Balance Sheet...

Which of these is not an operating income?

A. Income from sale of trading goods B. Bad debts recovered C. Interest on FDs D. None...