PPT - Bills of Exchange and Promissory Notes - 5 | Principles and Practice of Accounting - CA Foundation PDF Download

 Page 1


Bills of Exchange and 
Promissory Notes-Part 5/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Page 2


Bills of Exchange and 
Promissory Notes-Part 5/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
ACCOMODATION BILLS 
BASICS 
Page 3


Bills of Exchange and 
Promissory Notes-Part 5/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
ACCOMODATION BILLS 
BASICS 
Accommodation Bills 
Mr. A was in need of Rs. 3,000 
He thought of utilising Bills of 
Exchange as a mode of financing 
Page 4


Bills of Exchange and 
Promissory Notes-Part 5/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
ACCOMODATION BILLS 
BASICS 
Accommodation Bills 
Mr. A was in need of Rs. 3,000 
He thought of utilising Bills of 
Exchange as a mode of financing 
Accommodation Bills 
Mr. A called his friend Mr. B 
Page 5


Bills of Exchange and 
Promissory Notes-Part 5/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
ACCOMODATION BILLS 
BASICS 
Accommodation Bills 
Mr. A was in need of Rs. 3,000 
He thought of utilising Bills of 
Exchange as a mode of financing 
Accommodation Bills 
Mr. A called his friend Mr. B 
Accommodation Bills  
Acceptance of Bill 
He drew a bill of Rs. 3,000 payable after 1 month on Mr B 
Mr. B accepted the Bill