Tag Archives: Recording

Bill of Exchange Important Question 7 for I.Com Part 1

Bill of Exchange Important Question 7 for I.Com Part 1 Adil sold goods to Karim for Rs. 10,000 and drew a bill upon him for 3 months. Karim returned the bill to Adil after accepting it and Adil discounted the bill with his bank at 9% p.a. On the due date the bill was dishonored. Required: Pass entries in the …

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Define bills of exchange

Define bills of exchange A written order to pay a sum of money on a given date to the drawer or to a named payee; a promissory note Or A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), …

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Objective Type Questions for Principle of Accounting I.Com Part 1 (f)

Objective Type Questions for Principle of Accounting I.Com Part 1 (f) [mtouchquiz 6]

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Objective Type Questions for Principle of Accounting I.Com Part 1 (a)

Objective Type Questions for Principle of Accounting I.Com Part 1 Test 1

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