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What Is Bill of Exchange and How Does It Differ From Cheque?

Bill of exchange is a negotiable instrument that contains an unconditional order to the drawee for paying a specified amount... View Article

The contents of a bill of exchange are as follows: Amount of bill Date of payment Place of payment Interest... View Article

Endorsement of the bill of exchange refers to the situation when the drawer of the bill transfers the bill in... View Article

The difference between bill of exchange and promissory note is that in a bill of exchange the creditor issues the... View Article

Foreign bill of exchange is a type of bill of exchange that is drawn in one country and is payable... View Article

The difference between a letter of credit and bill of exchange is that while a letter of credit is a... View Article

Bill of exchange needs to be discounted when the drawer is in urgent need of money and the due date... View Article

A) Production of goods B) Transportation C) Exchange of goods D) Salary or wages Answer: D) Salary or wages Business... View Article

Cheque is a type of bill of exchange which contains an unconditional order to the drawee to make a payment... View Article

Bills of exchange have the following characteristics: A bill of exchange must be in writing. It should essentially include an... View Article

The following are the advantages of the bill of exchange: It is a legal document and in case the drawee... View Article

In normal circumstances, the drawer of the bill keeps the bill of exchange till the date of its payment, in... View Article

The three parties to the bill of exchange are: Drawer (Also known as the maker of the bill of exchange)... View Article

The different types of bills of exchange are as follows: Documentary bill Demand bill Inland bill Usance bill 5.Foreign bill... View Article

According to the Negotiable Instruments Act 1881, a bill of exchange is defined as “an instrument in writing containing an... View Article

In a partnership, the partners in the business get the profit shared among themselves in the ratio as mutually agreed... View Article

There are no CEOs in a partnership firm, all are referred to as partners. However, in case of partnership, if... View Article

The stamp duty varies from Rs.200 to Rs.10000 depending on the state. Also read: MCQs on Partnership Partnership Deed What... View Article

A partnership deed can be prepared by a lawyer and needs to be made on stamp paper as per the... View Article

In absence of a partnership deed, the following provisions will apply as per Indian Partnership Act, 1932. No salary or... View Article