Download App

Bills of Exchange — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyBills of Exchange1 Mark
Question
In case of bill drawn payable ‘on demand,’ no grace days are allowed.
✓

Answer

Agree

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Do you agree or disagree with the following statements" from Bills of Exchange→Bills of Exchange — all question types→Book Keeping & Accountancy STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

The Indian Partnership Act came into existence in the year 1945.
→
The drawer and payee of a bill of exchange may be one and the same person.
→
Equity shareholders enjoy preferential rights.
→
Endorsee is a person in whose favour the bill is transferred.
→
A profit and Loss Account is a Real Account.
→
Bills payable are a liability.
→
Drawee can transfer the ownership of the bill.
→
Sweat shares can be issued for consideration other than cash.
→
The balance of the Capital Account remains constant under Fixed Capital Method.
→
Calls-in-Advance account is shown on the asset side of the Balance Sheet.
→