Short Answer Questions · Q15
Q.Give the proforma of a Bill of Exchange.
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Start your 14-day free trial to unlock the full solution →A bill of exchange is a stamped written order to pay a certain sum, signed by the drawer and accepted by the drawee.
A bill of exchange is drawn in a standard form. The specimen below shows its essential elements — the stamp, the place and date, the amount, the unconditional order to pay a certain sum after a stated period, the drawee's name, the drawer's signature and the drawee's acceptance across the face of the bill:
| Field | Specimen entry |
|---|---|
| Stamp | (affixed as per law) |
| Place and date | New Delhi, January 1, 2017 |
| Amount | ₹10,000 |
| Body | Three months after date pay to me, or to my order, the sum of Rupees Ten Thousand only, for value received. |
| To (Drawee) | Rohit, Kanpur |
| Signature | (Sd.) Amit (Drawer) |
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