Restrictive Endorsement of Bills of Exchange is when- The payee specif.pdf
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Restrictive Endorsement of Bills of Exchange is when: The payee specifies the name of the endorsee and writes "only" at the end, for example, "Pay X Y Z Bank Limited only". It prevents further endorsement of the bill. The payee states a condition that has to be fulfilled before negotiation, for example "Pay X Y Z Bank Limited after arrival of goods". The payee simply signs his name on the reverse of the bill without stating the name of any particular endorsee. The cheque becomes payable to bearer. The payee, on signing his name, specifies the endorsee. The endorsee can either collect the proceeds of the bill or sign his own name, that is, blank endorse the bill, to make it payable to bearer. Question 58 (2 points) The percentage change in the value of an asset over some period is called Risk Liquidity Return on Investment (ROR) Exchange Rate.
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The document discusses various types of negotiable instruments including promissory notes, bills of exchange, and cheques.
[1] A promissory note is a written promise by a maker to pay a specified sum of money to the payee. A bill of exchange contains an unconditional order by the drawer for the drawee to pay a specified sum to the payee. A cheque is a type of bill of exchange that is drawn on a bank and payable on demand.
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There are two main types of financial instruments discussed in the document: promissory notes and bills of exchange.
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The document discusses key aspects of negotiable instruments under the Negotiable Instruments Act 1881 in India. It defines negotiable instruments as promissory notes, bills of exchange, and checks. It describes how instruments can be negotiable by statute or usage and the methods and essentials of negotiation, endorsement, and transfer. It also discusses the characteristics, presumptions, types (promissory notes, bills of exchange, checks), crossing and endorsement of negotiable instruments.
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dolphin group partaking in social activities independent events? Why or why not?.
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Focus:
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Distractions:
Train of thoughts:
Change a routine:
Outdoor experiential learning:
Must do the activities:
Safety First:
Self-care
Time of crisis:
Focus: Use cues and clues:
Distractions: Train of thoughts:
Change a routine: Outdoor experiential learning:
Must do the activities: S afety First:
Self-care Time of crisis:.
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Una verdad
B Falso
Una verdad
B Falso
Una verdad
B Falso
Una verdad
B Falso
Una verdad
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Research and Database Activity For this activity students will identify the following: 1 - Students
will explain what library databases are and how they are useful to the research process. 2 -
Students will list several multidisciplinary databases available at the Lehigh Carbon Community
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May 1. Macy Company is a major customer (buyer) of Allied (seller) products: May 3 Allied
nade its first and only purchase of inventory for the period on May 3 for 3,0ee units at a price of
$10 cash per unit (for a total cost of $30 , 000 ). May 5 Allied sold 1,500 of the units in inventory
for $14 per unit (invofce total: $21 , 000 ) to Macy Conpany under credit terns 2/10 , n /60 . The
goods cost Allied $15 , 600 . May 7 Macy returns 150 units because they did not fit the
custoner's needs (invoice asount: $2 , 100 ) . Allied restores the units, which cost $1 , 500 , to its
inventory. May 8 Macy discovers that 150 units are scuffed but are still of use and, therefore,
keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts
receivable for 596 e to compensate for the danage. May 15 Altied receives payment fron Macy
for the anount oned on the May 5 purchase: payment is net of returns, allowances, and any cash
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LO P1 Prepare the appropriate joumal entries for Macy Company to record each of the May
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purchases these units for resale. (If no entry is required for a transaction/event, select "No journal
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information applies to the questions displayed below] Allied Merchandisers was organized on
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made its tirst and only purchase of inventory for the period on May 3 for 3,000 units at a price of
$10 cash per unit (for a total cost of $30 , 060 ), May 5 Atlied sold 1,500 of the units in inventory
for $14 per unit (invoice totali $21 , 000 ) to Macy Company under credit teras 2/16 , n /60 . The
goods cost Allied $15 , 000 . May 7 Macy returns 150 units because they did not tit the
customer's needs (invoice amount! $2 , 100 ) . Allied restores the units, which cost $1 , 500 , to
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entries to record the following transactions for Allied assuming it uses a perpetual inventory
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