Accounting Principle

Dishonour of bill of exchange Dishonour of the bill means the non-payment of bill, when it is presented for payment. It refers to the nonpayment…

Noting and Protesting of bill of exchange If a bill is dishonoured, the drawer may move toward the court, and file a suit alongside the…

Discounting of Bill of Exchange When the holder of a bill is in require of cash before the due date of a bill he can…

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.…