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There areparties to a bill of exchange....

There are_______parties to a bill of exchange.

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What is a bill of Exchange?

Parter To A Bill Of Exchange

On March 15,2017 Ramesh sold goods for Rs 8,000 to Deepak on credit. Deepak accepted a bill of exchange drawn upon him by Ramesh payable after three months. On April, 15 Ramesh endorsed the bill in favour of this creditor Poonam in full settlement of her debt of Rs 8,250. On May 15, Ponnam discounted the bill with her bank @ 12% p.a On the due date Deepak met the bill. Record the necessary journal entries in the books of Ramsh, Deepak, Poonam.

On 1st March , 2019 R accepted a Bill of Exchange of ₹ 20,000 from S payable 3 months after date in full settlument of his dues. On the same day S endorese the Bill of Exchange to T together with a Cheque for ₹ 5,000 insttlement of his debt to the latter. on 2nd March , 2019. T discounted the Bill of Exchange @6% p.a. with his bank. on maturity the Bill of Exchange was dishonoured Journalise the transactions in the books of R and T.