X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?

Related Mcqs:

Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

A. Cash payments journal B. Cash receipts journal C. Purchases return journal D. General journal...

An asset must be _______ by the business to be shown as an asset in its “balance sheet”

A. Possessed B. Owned C. Controlled D. Used...

Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000

A. $6000 B. $10,000 C. $5000 D. $1000...

Which of the following is not an intangible asset?

A. Trade mark B. Franchise C. Accounts Receivable D. Secret Profit...

In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is?

i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account A. Only (i) above B. Both (ii) and (iv) above C. Both (i) and (iii) above D. Both (i) and (iv) above...