Accounting for Bills of Exchange

Accounting for Bills of Exchange
 Bills of exchange and promissory note:
 Definition
 Features
 Parties
 Specimen
 Distinction
 Important terms:
 Term of bill
 Due date
 Days of grace
 Date of maturity
 Discounting of bill
 Endorsement of bill
 Bill sent for collection
 Dishonour of bill
 Noting of bill
 Retirement and renewal of a bill
 Accounting treatment of bill transactions