11th Class Accounting MCQS Bills of Exchange Online Test 1

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-22-2-c-22-sans-serif-22-27-3-edirect-expense-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-goods-returned-by-zain-should-be-debited-to-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-sales-return-account-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-if-a-transaction-is-completely-or-partially-omitted-to-record-then-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eerror-of-omission-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-if-goods-purchased-from-rahim-for-rs-499-2-c-credited-to-rehman-e-2-80-99-s-account-for-rs-499-this-is-an-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eerror-of-commission-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-interest-paid-on-loan-is-a-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-financial-expenses-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-it-represents-our-deposits-with-the-bank-at-the-end-of-the-month-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ebank-balance-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-it-shows-us-the-investment-made-by-the-proprietor-into-the-business-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecapital-a-2-fc-balance-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-most-safe-cheque-for-payment-is-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-cross-cheque-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-payment-of-rs-50-to-rahim-as-wages-for-repairing-furniture-should-be-debited-to-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-11-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-erepair-account-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,the-account-from-which-amount-is-not-drawn-from-bank-before-a-specific-period-is-3-a_-_fixed-deposit-account,the-bill-of-exchange-is-drawn-by-3-a_-_creditor,the-legal-tenure-of-the-bill-is-3-a_-_90-days,when-a-drawee-honours-his-acceptance-he-will-be-credited-3-a_-_acash-account