Chapter 23 Bills Of Exchange
Assessment
•
SZE YAU CHEE
•
Other
•
12th Grade
•
48 plays
•
Hard
Student preview
10 questions
Show answers
1.
Multiple Choice
Abu drew a bill on Muthu.
What is the double entry of the above transaction in the books of drawer?
Dr. Bills Receivable
Cr. Muthu
Dr. Bills Receivable
Cr. Abu
Dr. Abu
Cr. Bills Payable
Dr. Muthu
Cr. Bills Payable
2.
Multiple Choice
Sam drew a bill on Benjamin.
What is the double entry of the above transaction in the books of drawee?
Dr. Bills Receivable
Cr. Benjamin
Dr. Bills Receivable
Cr. Sam
Dr. Sam
Cr. Bills Payable
Dr. Benjamin
Cr. Bills Payable
3.
Multiple Choice
A bill accepted by Andrew was met on maturity.
What is the double entry of the above transaction in the books of drawer?
Dr. Bills Receivable
Cr. Andrew
Dr. Andrew
Cr. Bills Payable
Dr. Bank
Cr. Bills Receivable
Dr. Bills Payable
Cr. Bank
4.
Multiple Choice
A bill accepted two months ago by Yuzhou was met on maturity.
What is the double entry of the above transaction in the books of drawee?
Dr. Bills Receivable
Cr. Yuzhou
Dr. Yuzhou
Cr. Bills Payable
Dr. Bank
Cr. Bills Receivable
Dr. Bills Payable
Cr. Bank
5.
Multiple Choice
A two-month bill drawn by Jamil on Metro was dishonoured on due date.
What is the double entry of the above transaction in the books of drawer?
Dr. Metro
Cr. Jamil
Dr. Metro
Cr. Bills Receivable
Cr. Bank - Noting Charges
Dr. Bills Payable
Dr. Noting Charges
Cr. Metro
Dr. Jamil
Cr. Bills Receivable
Cr. Bank - Noting Charges
Explore all questions with a free account
Find a similar activity
Create activity tailored to your needs using
.svg)
Debit/Credit Identification
•
KG - University
Bills Of Exchange 2
•
11th - 12th Grade
ACCOUNTING REVISION FOR HUNDO
•
12th Grade
Accounting Level 1 Transaction Quia Based Assignment
•
9th - 12th Grade
The Accounting Elements
•
12th Grade
General journal
•
1st - 12th Grade
Chapter 23 Bills Of Exchange
•
12th Grade
Fin 805 chapter 2 Quiz
•
12th Grade