Accounting

Renewal of Bill of Exchange When the acceptor of a bill knows in proceed that he will not be capable to assemble the bill on…

Retiring of Bill of Exchange An acceptor might create the payment of a bill before its due date and discharge his liability; it is called…

Endorsement Endorsement means writing of one’s signature on the face or back of a bill for the purpose of transferring the title of the bill…

Important terms related bill of exchange Bill of exchange is an unconditional on paper order from one person to another to pay a particular sum of…

Bill of exchange is an unconditional on paper order from one person to another to pay a particular sum of money to a selected individual. When…

Sales Return Book When a business sends the ordered goods back to a vendor it is recorded in sales return book. This book is used…

Bill of exchange is an unconditional on paper order from one person to another to pay a particular sum of money to a selected individual.…

Purchases Return Book This book is used to record all returns of goods by the trade to the suppliers. The entries in the Purchases Returns…

Format of Sales Book Sales book is used to record the credit sales of goods simply. It means only credits sales of products or goods…

Sales Book is an account book in which you record all sales of goods on credit. It is used to record all credit sales of…