Bills of Exchange — Account STD 11 Commerce — Question

Rule of ___________ A/c is “debit what comes in and credit what goes out".

Under fixed instalment method, depreciation is calculated by deducting the ________value from the ________ cost of the asset.

Due date of a bill of exchange drawn on 29th January 2017 for one rnonth will be ____________.

State the account to bre debites or credited in the following situation:
Books of Drawer:-
When a bill is dishonoured and the noting charges are paid by the endorsee, the account to be credited is _____________.

The ................ concept states that if straight line method of depreciation is used in one year, then it should also be used in the next year.

The management of a firm is remarkably incompetent, but the firm's accountant cannot take this into account while preparing books of accounts because of ................ concept.

Due date of a bill of exchange drawn on 30th June 2017 for 4 months will be ____________.

A bill of exchange is called a ____________ by one who is liable to pay its amount.

The management of a firm is remarkably incompetent, but the firm's accountant cannot take this into account while preparing books of accounts because of ................ concept.

Payee of a bill can get the amount of it before its due date by getting it ____________.