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Bill of Exchange

At Saralstudy, we are providing you with the solution of Class 11th accountancy Bill of Exchange according to the latest NCERT (CBSE) Book guidelines prepared by expert teachers. Here we are trying to give you a detailed answer to the questions of the entire topic of this chapter so that you can get more marks in your examinations by preparing the answers based on this lesson. We are trying our best to give you detailed answers to all the questions of all the topics of Class 11th accountancy Bill of Exchange so that you can prepare for the exam according to your own pace and your speed.

Bill of exchange is an instrument in writing containing an unconditional order signed by the maker or to bearer of the instrument.

Parties: Three parties are given on given

  • Drawer: Drawer is the person who sells the goods on credit, draws the bill and signut.
  • Drawee: Drawee or acceptor is the person who purchases goods on credit, accepts the bill and makes the payment on the due date.
  • Payee: Payee is the person whom payment is made on the due date.

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Exercise 1

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