Bills of Exchange Class 11 MCQ: Check the below NCERT MCQ Questions for Accountancy Bills of Exchange Class 11 MCQ with Answers Pdf free download. Bills of Exchange Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Bills of Exchange Class 11 Questions with Answers to help students understand the concept very well.

Bills of Exchange Class 11 MCQ

1. Which balance is shown by a B/R Book ?
(a) Credit
(b) Debit
(c) Both
(d) None

2. On whom the trade bill drawn is shown ?
(a) Seller
(b) Creditor
(c) Debtor
(d) Owner

3. The party who is entitled to receive the cash of a bill receivable is called _____.
(a) Drawer
(b) Drawee
(c) Capitalist
(d) Bank

4. If the due date is public holiday what will be the due date of the bill ?
(a) Preceding day
(b) Following day
(c) The same day
(d) After two days

5. Kamal draws a bill on Sahil for Rs.3000. Kamal endorsed it to Rohan. Rohan endorsed it to Rakesh. The payee of the bill will be _____.
(a) Kamal
(b) Rakesh
(c) Sahil
(d) Rohan

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By Team Learning Mantras