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Accountancy Quick Test on Bill of Exchnage- Part-2

After depreciation and ledger, here is another test for topic “Bill of Exchange”  which  is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque  which is also  a bill of exchange drawn on a banker and payable on demand.Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. The  bills of exchange were a common means of exchange prior to the advent of paper currency. 

Quick 10 questions on  Accountancy-Bills of Exchange-Part 2

test quiz description

Comments ( 19 )

  1. So whats the difference between a MS/Acccountancy and a Masters of accounting? I saw on another schools website that the MS/accountancy is just more intensive in terms of number of classes required, but their masters of accounting was technically an M.B.A. The school I plan on attending doesnt offer a Masters of Accounting so I’m not sure what the real difference is. Or is there not even really a “Masters of Accounting”, but a M.B.A. which is just more of an accounting concentration?

  2. I’m considering a career in accountancy and would like to know the pros and cons of having a career in accountancy and generally what the job involves?

  3. My cousin is going to be applying for a course and she needs to know the difference between accountancy accounting.

  4. what exactly does an accountant do?

    what A levels would i need to go to university and become an accountant?

  5. Hi, I’ve been interested in accountancy for a while and I want to know the best ways to get into it at uni or working for a firm. Also what A levels & Degree would be needed to help me along the way.

    Many Thanks!

  6. Felipe Albuquerque
    May 22, 2012 at 3:12 PM

    I am looking into doing an accountancy qualification, I currently hold an honours degree in Law and I don’t want to do another year at university but I am getting confused between all the different courses. What is the main difference between AAT, ACCA and CIMA? Which is the best one to do?

  7. I studied accountancy in polytechnic and i have my higher national diploma[HND] in 1997 .I proceeded to Nigeria college of accountancy, Jos to pursuit my professional examination in which i qualified in 2003 as certified National Accountant under umbrella of Association of National Accountants of Nigeria[ANAN].Now as a chartered Accountant i want to fit in to every situation i may find myself.Presently i am working with office of auditor general for FCT area councils ,Abuja.Please what is the less costly way to fit in as a professional Accountant.

  8. Kayleigh Harnden
    June 5, 2012 at 10:17 AM

    Also, would the accountancy degree help me pay for law school? Thank you.

  9. I gratuated in accountancy in Finland 7 years ago. after that I worked as a bookkeeper for 1.5 years. moved to London to work in catering and in last one year have done lots of accountancy work for my present job using Sage Line 50 and would love to have a career in accountacy and learn more.

  10. I currently attend Northern Illinois University in DeKalb. Lately I’ve been looking to transfer to a school in the city (Chicago). What school would most benefit me as an accountancy major? I know NIU has a great accountancy program, but is there one better in the city?

  11. i have wrote one of these about 1 hr ago about accountancy, but decided to do a new one.

    what i want to ask now, is when i actually become qualified as an accountant what type of other jobs could i go into and how?

  12. Im Kie , who you B
    June 28, 2012 at 6:54 PM

    My son is looking to go to university in 2011. He is a good mathematician, physicist etc., but in this day and age he wants to study for a profession rather than just studying a ‘subject’ at university. He has come up with the idea of accountancy. What would be the avenues for him to get into this without incurring loads of debt at university while he goes about it? Any suggestions? Or indeed, any other career paths?

  13. Carson Rittenberry
    June 30, 2012 at 2:15 AM

    I’m planning on visiting small local accountancy firms to enquire about any vacancies they have or if I may be able to do some work experience for them as I’m attempting to get into the field.

    I’m just a little unsure of who to approach in these firms, so who would be best to ask for? I just wish to introduce and approach them myself as professionally as I!

    These are very small businesses.. one’s with but a few people running the business.. there wouldn’t be an HR department.

  14. Other than the normal CA of ICAI is there any other accountancy degree recognised in India?I am based abroad and am planning to do an accountancy course but just in case I decide to settle in India want to make sure that would be able to practice/work in india

  15. Brandon Sweatshirt
    August 22, 2012 at 12:14 PM

    I’m thinking of becoming an accountant, I’m currently studying Maths, Biology, Chemistry and Physics at AS level and will be applying for university soon. I was wondering what kinds of things do the big firms look for.
    Like what degree to they look for? I am planning to take the ACCA exams once I finish university. Or Should I just study accountancy at degree level? I was hoping to study something thats relevant but also as a back up….Thanks 😀

  16. Hi!
    Currently i following BBA Management degree program, please tell me what are the requirements for MA accountancy degree programs?
    Sorry its a mistake i want MBA accountancy degree!
    Thanks for informed me!

  17. Just need to add a bit on this.

    I’ve classed one of my 2hobbies and interests” as Current Affairs, and thus, the credit crunch. As this relates to Accountancy and Finance.

    What can I put?

  18. I’m at the age that i should be thinking about uni but don’t know what to do as a degree. My family says that i should do Accountancy as I’m good with numbers but i have heard that being an accountant is quite hard. So i was wandering what else i could do the degree.

  19. I have a choice between a master in Accountany or in Business Administration?

    Some friends advised me to go for the Accountancy so what do you think ?

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