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CA FOUNDATION · PAPER 1 · ACCOUNTANCY
Bills of Exchange Quiz
Meaning · Parties · Due Date · Discounting · Endorsement · Dishonour · Renewal · Retirement · Accommodation Bills
3 Levels25 Qs per level 15 shown per attempt80% to unlock next
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Level 1 — Basic
Meaning, parties, types, due date calculation, days of grace, key terms — Bill vs Promissory Note.
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Level 2 — Intermediate
Journal entries — drawer & drawee books; discounting, endorsement, dishonour, renewal, retirement.
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Level 3 — Advanced (CA Level)
Accommodation bills, insolvency, complex renewal with noting charges, multi-step problems, ICAI exam standard.
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Level 1Score: 0
Q 1 of 15⏱ 60s
QUESTION 1
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