A foreign bill of exchange is generally drawn up in___________?

Related Mcqs:

An asset posses which of the following?

A. Future economic benefits for the business B. All kind of benefits for the business C. Expenses for the business D. Merits and Demerits for the business...

Which of the following accounting equation is correct?

A. Cash+Other assets=Capital-Liabilities B. Capital+ Liabilities=Assets+Income C. Assets-Liabilities=Capital D. Assets+Capital=Liabilities...

During the year 2011-2012, the value of closing inventory was overstated by 25,000. Which of the following is true?

A. The cost of goods sold was overstated during 2011-2012 and income will be understated during 2012-2013 B. The income was overstated during 2011-12 and closing inventory will be overstated during 2012-2013 C. The retained earnings was overstated during 2011-2012 and retained earnings will be understated during 2012-2013 D. The cost of goods sold was … During the year 2011-2012, the value of closing inventory was overstated by 25,000. Which of the following is true?Read More...

Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:

A. Adding 2,200 to closing stock B. Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales D. Deducting 1,800 from debtors...

The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by

A. The drawer of the bill B. The person responsible for dishonour C. The holder of the bill D. The endorser of the bill...