Chapter 3 : Documents in IT

The following definition belongs to which Financial Documents?

“an unconditional order in writing addresses by one person to another, signed by the person giving it, requiring the person to when it is addressed to pay or demand or on a fixed on determinable future time a sum certain in money to or to the order of a specified person, or to bearer”.

• Promissory Notes

• Bill of Exchange

• Cheque

The following definition belongs to which Financial Documents?

A written, dated and signed two-party instrument containing an unconditional promise by the maker to pay a definite sum of money to a payee on demand or at a specified future date

• Promissory Notes

• Bill of Exchange

• Cheque

The following definition belongs to which Financial Documents?

It is a document that orders a payment of money from a bank account. The person writing the document (the drawer) usually has a current account.

• Promissory Notes

• Bill of Exchange

• Cheque

Which of the following are considered as financial document?

• Bill of Lading

• Insurance Policy

• Bill of Exchange

• Consular Invoice

• Cheque

Please match the payment due for Bill of exchange accordingly.

Payable at the end of a fixed or determinable period, usually specified in number of days after sight or from date of draft or other documents

• On Demand

• At Sight

• Usance Period

Please match the payment due for Bill of exchange accordingly.

Requires payment to be made when payment is called for

• On Demand

• At Sight

• Usance Period

Please match the payment due for Bill of exchange accordingly.

Payment is to be made upon presentation of the draft

• On Demand

• At Sight

• Usance Period

BOE is an ____________ to pay

Promissory Notes is a ____________ to pay

Cheque is drawn for ______________