Bill of Exchange
Chapter 8: Bill of Exchange · ACCOUNTANCY · EN medium
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the bill is retained by Mamta for three months and the amount of Rs. , is received by her on the due date then Mamta will be the payee. If Mamta gives away this bill to her creditor Ruchi, then Ruchi will be the payee. If Mamta gets this bill discounted from the bank then the bankers will become the payee. In the above mentioned bill of exchange, Mamta is the drawer and Jyoti is
📖 Accounts 8 (1) · Page 3
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the bill is retained by Mamta for three months and the amount of Rs. , is received by her on the due date then Mamta will be the payee. If Mamta gives away this bill to her creditor Ruchi, then Ruchi will be the payee. If Mamta gets this bill discounted from the bank then the bankers will become the payee.
In the above mentioned bill of exchange, Mamta is the drawer and Jyoti is
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