Bill of Exchange Format March 2014 Board Question Solution

Prepare a bill of exchange from the following details.

Drawer : Ramesh Mishra, L.B.S. Road, Ghatkopar, Mumbai

Drawee : Nandkumar Sharma, Laxmi Road, Pune

Payee: Rupesh Kumar Pande, Rajkamal Chowk, Amaravati.

Period of bill: 90 days

Amount of bill : Rs. 25,000

Date of Bill: 17th February, 2014

Date of Acceptance: 20th February, 2014

Accepted for : Rs. 20,000 only.

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