Types of bills on the basis of object are :

Demand bills

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Term bills

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Trade bills

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Accommodation bills

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Solution

The correct options are
C Accommodation bills
D Trade bills
On the basis of period bills are of two types:
Demand bills
Term bills
On the basis of object, the bills can be classified as:
Trade Bills
Accommodation Bills

Answer : C,D

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Similar questions

Invoices/ Bills are the basis of recording ___ book.

	(Rs)
Bills payable dishonoured	$37, 000$
Closing balance of Bills payable	$85, 000$
Opening balance of Bills payable	$70, 000$
Bills payable accepted	$90, 000$
Cheque dishonoured	$23, 000$

Find out the amount of bills matured during the year on the basis of information given below;

	Rs
Bills payable dishonoured	37,000
Closing balance of Bills payable	85,000
Opening balance of Bills payable	70,000
Bills payable accepted	90,000
Cheque dishonoured	23,000

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