ACCOUNTANCY                                                
OBJECTIVE TYPE ONLINE EXAMINATION
FOR PLUS ONE STUDENTS.    SCORE :20
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Name of the student : *
Name of School : *
District : *
1.A Bill of exchange is drawn by .................. *
1 point
2.In the case of a bill the following two can be the same person *
1 point
3.Noting charges are paid by ................... *
1 point
4. ...................  account is credited in the books of Drawer when a Bill is discounted with the Bank. *
1 point
5.A Bill of exchange has .................... parties *
1 point
6. ............... extra days are added to calculate the maturity date of a Bill *
1 point
7.Of the following, which one is NOT a feature of a bill of exchange *
1 point
8. Vinu Draws a Bill on Vivek for Rs.5000. Vinu endorsed the Bill to Vipin. On due date, Vivek fails to meet the bill. Vipin paid 350 noting charges. How much should be debited to Vivek account in the books of vinu *
1 point
9. ............ A/c is debited  in the books of Drawee , when a bill discounted with the bank by the drawer. *
1 point
10. An Accommodation bill is also called ......... *
1 point
11. A draws a Bill on B for Rs.5000. B endorsed the bill to C. Which  statement is wrong *
1 point
12. Before the acceptance  the bill is called a ........... *
1 point
13.When a bill is paid before the due date , the bill is said to be ........ *
1 point
14. P draws a bill on Q for Rs. 12000. P endorsed the bill to R. R endorsed the bill to S. S discounted the bill with the bank.The bill met on due date. The payee of the bill is ...... *
1 point
15. A bill drawn on 25/11/2019 for 3 months. The maturity date of the bill will be on *
1 point
16.Find the odd one *
1 point
17.  ........... is the officer who has the power to record the fact of dishonour of a bill *
1 point
18. Sethu draws a 3 months bill for Rs.9000 on 01/01/2020. On 04/01/2020 he discounted the bill with bank @ 10 % p.a. The discount amount will be ......... *
1 point
19.The due date of the following bill will be on *
2 points
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                      Prepared by ULLAS G Principal Govt. H S S Mulanthuruthy, Ernakulam
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