Question

Prepare a bill of exchange from the following details:

Drawer: Ramesh Mishra, L.B.S. Road, Ghatkopar, Mumbai
Drawee: Nandkumar Sharma, Laxmi Road, Pune

Payee: Rupesh Kumar Pande, Rajkamal Chowk, Amaravati.
Period of a bill: 90 days

Amount of bill: Rs. 25,000
Date of Bill: 17th February 2014

Date of Acceptance: 20th February 2014
Accepted for: Rs. 20,000 only.

Answer 1