Best accounting treatment of bills of exchange assignment help
Looking for Best accounting treatment of bills of exchange assignment help, you are at right place. Accounting treatment of bills is required by the students in order to create their journal faultlessly. There are a lot of ways to treat a bills of exchange and it creates confusion among the students to remember how to treat the bills. There are lots of step to follow in the accounting treatment of bills of exchange, students should always have to be careful because a single fault by them can change the whole answer of the questions. It needs concentration and accurate statistics to get the right figure
So students should have all the knowledge regarding accounting treatment of bills of exchange either it affects your grades. As we know this subject is bit complicated for most of the students thus students who have doubt or if they feel the assignment is too much for them, WELL don’t worry our experts of accounting treatment of bills of exchange homework help are here to assist you in every possible and proper way.
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What is accounting treatment of bills of exchange
For accounting purposes bills of exchange and promissory notes are treated. And both are treated and recorded under the common account” Bills of Exchange”
There can be four parties involved in the bills of exchange
Treatment of bills by a drawer are below
- Drawer stays with the bill till the time of maturity and takes in the payment against it.
- In need of money drawer can discount the bill with a bank before its maturity.
- Against a debt, drawer can transfer the bill to his creditor by endorsing it.
- Drawer can send the bill to the bank for collection of amount against it.
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