NCERT Solutions Class 11 Accountancy Chapter 8 Bills of Exchange

NCERT Solutions Class 11 Accountancy Chapter 8 Bills of Exchange with answers available in Pdf for free download. The NCERT Solutions for Class 11 Accountancy with answers have been prepared as per the latest syllabus, NCERT books and examination pattern suggested in Standard 11 by CBSE, NCERT and KVS. Solutions to questions given in NCERT book for Class 11 Accountancy are an important part of exams for Grade 11 Accountancy and if practiced properly can help you to get higher marks. Refer to more Chapter-wise Solutions for NCERT Class 11 Accountancy and also download more latest study material for all subjects

Chapter 8 Bills of Exchange Class 11 NCERT Solutions

Class 11 Accountancy students should refer to the following NCERT questions with answers for Chapter 8 Bills of Exchange in standard 11. These NCERT Solutions with answers for Grade 11 Accountancy will come in exams and help you to score good marks

Chapter 8 Bills of Exchange NCERT Solutions Class 11

NCERT Solutions class 11 Accountancy Chapter 8 Bills of Exchange. NCERT book for Accountancy in class 11 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 11 Accountancy free in PDF made by teachers of the best schools in India. These solutions are carefully compiled to give detailed understanding of the concepts and also steps of solutions. The NCERT solutions are free to download in pdf format. Please refer to the download link below to download the pdf file and also refer to other chapters and subjects to get the solutions to Accounts NCERT book questions and exercises.

Q1. Name any two types of commonly used negotiable instruments.

Solution: Cheques and Bills of exchange are the commonly used negotiable instruments.

Q2. Write two points of distinction between bills of exchange and promissory note.

Solution:

Bills of Exchange                                                                       Promissory Note

A bill of exchange is an instrument in writing containing an    A promissory note is an instrument in writing containing an unconditional 

unconditional order, signed by the maker directing a certain    undertaking signed by the maker to pay a certain sum of money only to

person to pay a certain amount of money only to, or to the     , or to the order of a certain person or to the bearer of the instrument.

There are three parties involved, namely drawer, drawee and payee.      order of a certain person or to the bearer of the instrument.

                                                                                                       There are two parties involved, namely maker and payee.

 Q3. State any four essential features of bill of exchange.

Solution: Essential features of bills of exchange are as follows:

1. A bill of exchange is a written order to make payment.

2. It is an unconditional order to make payment by a person i.e. drawee.

3. The amount of bill of exchange and the date of payment are certain.

4. It is signed by the drawer of the bill.

5. It is accepted by the drawee by signing on it

Please click on link below to download NCERT Solutions class 11 Accountancy Chapter 8 Bills of Exchange.

Tags: 

 


Click to View or Download pdf file
Click for more Accountancy Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Board Exams Date Sheet Class 10 and Class 12

Datesheet for CBSE Board Exams Class 10  (Scroll down for Class 12 Datesheet) Datesheet for CBSE Board Exams Class 12

Celebration of Matribhasha Diwas Mother Language day

UNESCO has declared 21st February of every year to be celebrated as International Mother Language day to promote dissemination of Mother Language of all, create awareness of linguistic and cultural traditions and diversity across the world and to inspire solidarity...

CBSE Term 2 Board Examinations

CBSE vide Circular No.Acad-51/2021 dated 5th July, 2021, notified that in the session 2021-2022, Board Examinations would be conducted in two terms, i.e.. Term I and Term II. This decision was taken due to the uncertainty arising out of COVID 19 Pandemic. Term I...

Class 10th and 12th Term 2 Revaluation Process 2022

Evaluation of the Answer Books is done under a well-settled Policy. To ensure that the evaluation is error free, CBSE is taking several steps. After strictly following these steps, the result is prepared. Though, CBSE is having a well-settled system of assessment,...