1 Which of the following statements is false regarding the bill of exchange?
A bill of exchange for the seller is considered a receipt
The promissory note for the buyer is a payment paper
Not negotiable
The first and third answers
Nothing mentioned
2 When sending the receivable note to the bank for the bank to deduct it and obtain its value before maturity, the following entry is recorded:
From h/ notes receivable for the collection fee to h/ notes receivable
From h/ notes receivable for the opponent's fee to h/ notes receivable
From the bank to the bank notes receivable for collection
From H/ notes receivable to H/ notes receivable on account of the opponent
Nothing mentioned
3What is the entry that the company records when the debtor does not pay the value of the bill on its due date?
From h / debtor to h / notes receivable
From h/ notes receivable to h/ debtor
From h/ notes payable to h/ debtor
From the debtor to the notes payable
Nothing mentioned
4 What is the entry that the company records when the company buys goods by means of an endorsed bill of exchange?
From h/ purchases to h/ notes paid
From h/ purchases to h/ notes receivable
From h/ notes paid to h/ purchases
From h/ notes receivable to h/ purchases
Nothing mentioned
5 Which of the following statements is false in relation to notes receivable?
It appears on the current assets side of the balance sheet
It is recorded on the debtor's side when the debtor pays it
It is recorded on the credit side when the debtor pays it
Recorded on the credit side when the bank collects it
Nothing mentioned
6 When the company pays the value of the bill of exchange due on it in cash, then the debtor party is:
Receipt notes
box
Payment papers
creditor
Nothing mentioned
7 When the company purchases goods by check, is the creditor party?
Purchases
the bank
checks
Checks under collection
Nothing mentioned
8When an agreement is reached between the company and the debtor to replace the returned incoming check with a receipt note, then the debtor party is:
Bank account
Fund account
Receipt account
Checks under collection
Nothing mentioned
9When the bank collects the value of the promissory note sent from the company and deposits it in the current account, then the debtor party is:
Calculation of notes receivable for collection
Receipt account
Bank account
Creditor account
Nothing mentioned
10 Which of the following statements is false regarding payment vouchers?
It appears on the commitments side of the budget
Recorded on the debit side when paying off
of a credit nature
The beneficiary cannot endorse or transfer it
Nothing mentioned
A bill of exchange for the seller is considered a receipt
The promissory note for the buyer is a payment paper
Not negotiable
The first and third answers
Nothing mentioned
2 When sending the receivable note to the bank for the bank to deduct it and obtain its value before maturity, the following entry is recorded:
From h/ notes receivable for the collection fee to h/ notes receivable
From h/ notes receivable for the opponent's fee to h/ notes receivable
From the bank to the bank notes receivable for collection
From H/ notes receivable to H/ notes receivable on account of the opponent
Nothing mentioned
3What is the entry that the company records when the debtor does not pay the value of the bill on its due date?
From h / debtor to h / notes receivable
From h/ notes receivable to h/ debtor
From h/ notes payable to h/ debtor
From the debtor to the notes payable
Nothing mentioned
4 What is the entry that the company records when the company buys goods by means of an endorsed bill of exchange?
From h/ purchases to h/ notes paid
From h/ purchases to h/ notes receivable
From h/ notes paid to h/ purchases
From h/ notes receivable to h/ purchases
Nothing mentioned
5 Which of the following statements is false in relation to notes receivable?
It appears on the current assets side of the balance sheet
It is recorded on the debtor's side when the debtor pays it
It is recorded on the credit side when the debtor pays it
Recorded on the credit side when the bank collects it
Nothing mentioned
6 When the company pays the value of the bill of exchange due on it in cash, then the debtor party is:
Receipt notes
box
Payment papers
creditor
Nothing mentioned
7 When the company purchases goods by check, is the creditor party?
Purchases
the bank
checks
Checks under collection
Nothing mentioned
8When an agreement is reached between the company and the debtor to replace the returned incoming check with a receipt note, then the debtor party is:
Bank account
Fund account
Receipt account
Checks under collection
Nothing mentioned
9When the bank collects the value of the promissory note sent from the company and deposits it in the current account, then the debtor party is:
Calculation of notes receivable for collection
Receipt account
Bank account
Creditor account
Nothing mentioned
10 Which of the following statements is false regarding payment vouchers?
It appears on the commitments side of the budget
Recorded on the debit side when paying off
of a credit nature
The beneficiary cannot endorse or transfer it
Nothing mentioned
Add New Comment