Financial Accounting MCQS with Answers Set 2

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Financial Accounting MCQS with Answers


Dishonor of the bill occurs when:
The endorsee accepts to meet the bill
The drawer refuse to pay
The acceptor refuses to meet the bill on due date
None

In bill of exchange, the party who accepts a bill is known as:
Third party
Drawee
Drawer
Payee

According to possible for an event or transaction which is not measurable in terms of money
TRUE
May be
FALSE
None

Which one is non-manufacturing costs?
Research and development cost
Labour cost
Direct material cost
All of above
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