Accountancy, asked by Sakshuprajapati, 1 year ago

Aims and objective of bill of exchange

Answers

Answered by shabnam7
17
To state the meaning of Bills of Exchange and Promissory note.
To describe the features of Bills of exchange and Promissory note.
To state the advantages of bill of exchange;
To distinguish between a bill of exchange and a promissory note.
To identify the parties to a bills of exchange and a promissory note.
To explain the meaning of different terms involved in the bill transaction,
To record bill of exchange transactions in journal.
To record transactions relating to dishonor, retirement and renewal of bill.
To state the meaning and uses of Accommodation Bill...
To describe the uses of Bills receivable and payable book.
Similar questions