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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a trade bill?
💡 Hint: Think about transactions involving goods and services.
Question 2
Easy
What distinguishes an accommodation bill?
💡 Hint: Consider the relationship between parties.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What type of bill is primarily used for commercial transactions?
- Accommodation Bill
- Trade Bill
- Foreign Bill
💡 Hint: Look for the term associated with business transactions.
Question 2
True or False: An accommodation bill involves a real trade transaction.
- True
- False
💡 Hint: Consider the nature of the transaction.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Evaluate how a firm could leverage both trade and accommodation bills to optimize its cash flow.
💡 Hint: Consider the balance between sales and credit management.
Question 2
Discuss the potential risks involved in using an accommodation bill versus a trade bill.
💡 Hint: Think about security versus flexibility.
Challenge and get performance evaluation