BILL OF EXCHANGE TRADE BILL

BILL OF EXCHANGE TRADE BILL

Question: Draft a Bill of Exchange based on the following details:

  • Drawer: Yamini Gupta, Sarvapriya Vihar, Delhi
  • Drawee: Kamini Sharma, Raj baug, Agra.
  • Period: 100 days.
  • Term: After acceptance
  • Date of Bill: 1st January, 2007
  • Amount: Rs. 10,500/-
  • Date of Acceptance: 3rd January, 2007

Solution:

BILL OF EXCHANGE

STAMP

Rs. 10,500/-

Yamini Gupta,

Sarvapriya Vihar,

Delhi.

Date: 1st January, 2007

Hundres days after acceptance, pay to me or my order the sum of Rupees Ten Thousand Five Hundred only, for the value received.

To,

Kamini Sharma,

Raj baug,

Agra.

Sd/-

(Yamini Gupta)

"ACCEPTED"

Sd/-

(Kamini Sharma)

Date: 3rd January, 2007