Question

Prepare a format of Bill of Exchange from the following information :

(1) Drawer : Abhilash Patil, M.G. Road, Kokarda.

(2) Drawee: Bhargav Mishra, 140 Civil Lines, Nagpur.

(3) Payee: Gopal Deshpande, Ambajogai.

(4) Amount of bill: Rs. 21,500/-

(5) Period of Bill : 3 months

(6) Date of bill : 23rd August, 2013

(7) Date of acceptance: 25th August, 2013.

(8) Accepted for : Rs. 20,000 only.

Answer 1