Types of bills on the basis of periods are :

Demand bills

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Term bills

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Trade bills

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Accommodation bills

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct options are
A Demand bills
B Term 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 : A,B

Suggest Corrections

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

Join BYJU'S Learning Program