How many parties are generally found in a Bill of Exchange?
Which of the following is not a feature of a promissory note?
Under which of the following situations, is journal entry not passed in the books of the drawer?
The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?
Unpresented checks also referred as____________?
In the Bank reconciliation statement “Deposit in transit” is usually:
Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).
Favorable balance of cash book implies that
