Accountancy · Ch 4 — Accounting for Bills of Exchange
Terms Introduced in the Chapter
Terms Introduced in the Chapter
The key terms introduced in this chapter, with a short meanin …
The maker of a bill of exchange — the creditor or seller who draws the bill on the debtor and sign …
The person on whom a bill of exchange is drawn — the debtor or buyer who is ordered to pay the a …
The person to whom the amount of the bill is to be paid; often the drawer himself, unless the bill is disc …
A bill of exchange held by the person entitled to receive its amount on maturity; it is an ass …
A bill of exchange seen from the acceptor's side — the amount he is bound to pay on maturity; i …
The act of preparing and signing a bill of exchange by the drawer before it is sent to the drawe …
The drawee's written assent to the drawer's order, given by writing the word 'Accepted' on the bill and signing it, which turns a draft into a …
The discharge of a bill by the acceptor paying its amount to the holder on the da …