Give the performa of a Bills Payable Boo | Class 11 Accountancy Chapter Bill of Exchange, Bill of Exchange NCERT Solutions

Question:

Give the performa of a Bills Payable Book.

Answer:

Bills payable book is used to record bills accepted by us. When a bill drawn by our creditor is accepted particulars of the same are recorded in this book.

1) Date of acceptance of the bill
2) To whom acceptance of bill is given
3) Term of the bill
4) Due date of the bill
5) ledger folio
6) Amount of the bill
7) Remark


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  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Bill of Exchange.
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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 12: Give the performa of a Bills Payable Book.....