BILLS OF EXCHANGE - PRACTICE PROBLEMS

FROM THE FOLLOWING DETAILS PREPARE A FORMAT OF BILLS OF EXCHANGE.

1.     Drawer – Abhijit Patil, Vikram nagar Patan

      Drawee – Tajas Kapare, Kothrud, Pune.

      Payee – Amey Patki, Nagpur

      Amount – Rs. 7,500

      Period – 60days

      Date of bill – 1^st june 2006

      Date of acceptance – 11^th june 2006.

2.   Drawer – Yamini Gupta, sarvapriya Vihar, Delhi

     Drawee – Kamini Sharma, Rajbaug, Agra.

     Amount – Rs. 10,500

     Period – 100days

     Date of bill – 1^st january 2006

     Date of acceptance – 4^th january 2006.

3. Conditional bills of exchange

    Drawer – Girish Jayaeardhan, mumbai

    Drawee – Manish Patwardhan, Pune.

    Payee – Amit Patil, Nagpur

   Amount – Rs. 7,500

   Period – 3months

   Date of bill – 1^st june 2006

   Date of acceptance – 11^th june 2006.

   Accepted for 4months

4. On 10^th march 2005, Rajesh Patil, Gandhinagar, Nagpur Draws a 2months bill for Rs. 3000 on Samir        Chaudhary Main Road, Belapur. Samir Chaudhary accepted the bill on 15^th march 2005.

5. Manisha Sharma, 21, Gokul Naka, Ratnagiri draws a bills of exchange for a period of 3months on Amruta Nakashe, 34, Bazarwadi, Jaypur, on 1^st January, 2012 for Rs.19500. Amruta Nakashe accepted the bill on 5^th January, 2012