PPT - Bills of Exchange and Promissory Notes - 4 | Principles and Practice of Accounting - CA Foundation PDF Download

 Page 1


Bills of Exchange and 
Promissory Notes-Part 4/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
Page 2


Bills of Exchange and 
Promissory Notes-Part 4/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
DISHONOR OF BILL 
Page 3


Bills of Exchange and 
Promissory Notes-Part 4/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
DISHONOR OF BILL 
Dishonour of Bills 
The bill will not be paid 
The bill becomes useless 
The party from whom the bill was received will 
be liable to pay the amount 
And also the expenses incurred by the party. 
Page 4


Bills of Exchange and 
Promissory Notes-Part 4/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
DISHONOR OF BILL 
Dishonour of Bills 
The bill will not be paid 
The bill becomes useless 
The party from whom the bill was received will 
be liable to pay the amount 
And also the expenses incurred by the party. 
NOTARY PUBLIC 
If there is dishonour, or fear 
of dishonour, the bill will be 
given to a public official 
known as “Notary Public”. 
Page 5


Bills of Exchange and 
Promissory Notes-Part 4/6 
CPT Section A Fundamentals of 
Accountancy Chapter 7 Unit 3 
CA. Ajay Lunawat 
DISHONOR OF BILL 
Dishonour of Bills 
The bill will not be paid 
The bill becomes useless 
The party from whom the bill was received will 
be liable to pay the amount 
And also the expenses incurred by the party. 
NOTARY PUBLIC 
If there is dishonour, or fear 
of dishonour, the bill will be 
given to a public official 
known as “Notary Public”. 
NOTARY PUBLIC – Bill Honoured 
Notary Public