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Subjects

Accountancy

Important Terminology

This Class 11 Accountancy topic introduces the essential terminology used in Bills of Exchange. Students learn the roles of the drawer, drawee and payee, along with the meaning of acceptance, bill amount, maturity date and days of grace. It also explains endorsement, discounting, dishonour, noting charges, renewal and retirement of a bill, helping learners read transactions accurately and prepare related accounting entries with clarity.

Medium · Level 1 · 2 questions

TOPIC PRACTICE

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  1. Because they never have any effect
  2. Because they only change Earth's shape
  3. Because they all permanently become zero
  4. Because even in small quantities they affect radiation, chemistry and pollution
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  1. Pressure and density generally decrease but temperature trend identifies layers
  2. Pressure increases everywhere and temperature decreases everywhere
  3. Density is highest in the exosphere
  4. Temperature has no use

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