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Question
Kantilal, 343/D, Palm Heights, Jogeshwari, drew a bill on 10th Oct. 2019 for ₹ 63,490 for 45 days after date on Shantilal, B2, Himalaya Towers, Baramati, payable to Priyanka, Satara. The bill was accepted on 13th Oct. 2019 for 60 days.
Prepare a format of bill of exchange from the above details.
Solution
Drawer : Kantilal, 343/D, Palm Heights, Jogeshwari
Drawee : Shantilal, B2, Himalaya Towers, Baramati
Amount : ₹ 63,490
Tenure or term : 45 days
Date of Bill : 10th Oct. 2019
Date of acceptance : 13th Oct. 2019
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