Retiring Of The Bill

Renewal Of The Bill

Discounting Of Bills

On Jan 01, 2016 Neha sold goods for Rs 20,000 to Muskan and drew upon her a bill of exchange payable after two months. One month before the maturity of the bill Muskan approached Neha to accept the payment against the bill at a rebate @ 12% p.a. Neha agreed to the request of Muskan and Muskan retired the bill under the agreed rate of rebate. Journalise the above transaction in the books of Neha and Muskan.

Ascertainment Of Bill Receivable And Bills Payable

In Parliament, who takes the final decision on whether a Bill is a Money Bill or not ?

In Parliament, who takes the final decision on whether a Bill is a Money Bill or not?