Bill of Exchange

Bill of exchange and Promissory Note:
Definition, Specimen, Features, Parties.
 Difference between Bill of Exchange and
Promissory Note
 Terms in Bill of Exchange:
i. Term of Bill
ii. Accommodation bill (concept)
iii. Days of Grace
iv. Date of maturity
v. Discounting of bill
vi. Endorsement of bill
vii. Bill after due date
viii. Negotiation
ix. Bill sent for collection
x. Dishonour of bill
xi. Retirement of bill
xii. Renewal of bill
 Accounting Treatment