Bill of Exchange: Meaning, Concepts, Accounting Treatment and Examples

The compilation of these Accountancy Notes makes students exam preparation simpler and organised.

Bill of Exchange

When dealing in the business world, payments of goods and services may be made in a variety of ways. One such method is via a Bill of Exchange, which is a written agreement to pay a certain amount to a party at a predetermined date or on-demand. Let us learn more about Bills of Exchange.