Question

Prepare a specimen of a Bill of Exchange from the following information:
(1) Drawee - M.P. Shinde,
Siddharth Nagar,
Panchgani.
(2) Drwer - M.M. Shaikh,
Satara Road,
Sangli
(3) Period of bill - 90 days
(4) Amount of bill - Rs. 12,800
(5) Date of bill - ${10}^{th}$ March, 2013
(6) Date of acceptance - ${14}^{th}$ March, 2013

Answer 1

STAMP

M.M.Shaikh,

Satara Road, Sangli 14^th March,2013

₹12800

Three months after date, pay to me or order the sum of Rupees Twelve thousand eight hundred only, for value received.

To

M.P. Shinde,

Siddharth Nagar,

Panchgani.