BILLS OF EXCHANGE
13TH JAN, 2022 HELLO BOY! TODAY'S CLASS WILL BE HIGHLY ILLUSTRATIVE AND INTERACTIVE. YOU WILL LEARN THIS TOPIC BY WATCHING VARIOUS SHORT AND EXPLANATORY VIDEOS. LET US BEGIN WITH THE MEANING & CONCEPT OF BILLS OF EXCHANGE WATCH THE VIDEO BELOW BY CLICKING ON THE LINK MEANING AND CONCEPT OF BILLS OF EXCHANGE LINK : MEANING AND CONCEPT OF BILLS OF EXCHANGE For Example: Arjun sold goods to Sahil worth Rs 10,000 on July 18, 2013. On the same day, Arjun drew a bill of Rs 10,000 on Sahil for 90 days which is duly accepted on the same date. Below is a representative format of the Bill. FEATURES OF THE BILLS OF EXCHANGE Parties to Bills of Exchange Drawer : The Person who makes and signs the Bill of Exchange is known as Drawer. He/ She is the seller of the goods. Drawee : The Person who accepts the Bill of Exchange is known as Drawee. He/ She is the buyer of the goods. Payee : Payee is the Person...