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The students will be able to
  • To state the meaning of Bills of Exchange and Promissory note;
  • To describe the features of Bills of exchange and Promissory note;
  • To state the advantages of bill of exchange;
  • To distinguish between a bill of exchange and a promissory note;
  • To identify the parties to a bills of exchange and a promissory note;
  • To explain the meaning of different terms involved in the bill transaction,
  • To record bill of exchange transactions in journal;
  • To record transactions relating to dishonor, retirement and renewal of bill;
  • To state the meaning and uses of Accommodation Bill;
  • To describe the uses of Bills receivable and payable book.

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