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In this article, we have provided the Question wise solution to all Questions of Chapter No. 14 - Bills of Exchange – Unimax Publications Class 11 – 2021 - Solution, But first of all, we have explained the meaning of Depreciation: -
A bill of exchange is an instrument that contains a promise to pay some amount of money to a certain person after a certain period of time. It is generally drawn by the creditor(maker or drawer) on his debtor(acceptor or drawee) and the debtor gives the acceptance that he will pay the money to the maker(drawer) after some certain period or a specific date. It should be accepted by the person to whom it is created or by another person on his/her behalf. Without acceptance, this document doesn’t have any value.
“A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.”
-Section 5 of India’s Negotiable Instruments Act, 1881
Check out the full article: -
Bill of exchange (BOE): Meaning and Examples
Also, Check out the same article in Hindi from the following link
Bill of exchange (BOE): Meaning and Examples - in Hindi
Question wise solutions to all Questions of Chapter No. 14 - Bills of Exchange – Unimax Publications Class 11 – 2021 - Solutions are shown below: -
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Part-I
Chapter No. 1 - Introduction of Accounting
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Vouchers and Transactions
Chapter No. 5 - Goods and Services Tax (GST): An Introduction
Chapter No. 7 - Special Purpose Book - Cash Book
Chapter No. 8 - Other Subsidiary Books
Chapter No. 10 - Rectification of Errors
Chapter No. 12 - Provision and Reserves
Chapter No. 13 - Bank Reconciliation Statement
Chapter No. 14 - Bills of Exchange
Students may choose only one part from the Part II and Part III
Part-II
Chapter No. 15 - Financial Statements (Without Adjustments)
Chapter No. 16 - Financial Statements (With Adjustments)
Chapter No. 17 - Accounts from Incomplete Records - Single Entry System
Part-III
Chapter No. 18 - Introduction to Computers and Accounting information System
Chapter No. 19 - Computerised Accounting
Chapter No. 20 - Accounting Software: Tally
Chapter No. 21 - Data Base System
Chapter No. 22 - Concept of Entity and Relationship
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Chapter No. 14 - Bills of Exchange – Unimax Publications Class 11 – 2021 - Solution", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Academic Subjects.
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