CBSE Class 11-commerce Accountancy Part I Bills of Exchange - Accounting Treatment/Entries

In the chapter Bill of Exchange – Meaning and Importance, the topic Bills of Exchange Accounting Treatment/Entries is discussed. If the holder agrees, the old bill is cancelled and a new bill is drawn on the drawee which is accepted by him. This is called renewal of a bill. What are the important aspects which are involved in this transaction? Learn about it with TopperLearning’s CBSE Class 11 Commerce Accountancy revision notes, textbook solutions and video lessons. Once you complete studying, you can take multiple tests and assess yourself with our sample papers and solutions, multiple choice questions, short answer questions, in-video tests etc. to check your level of preparedness on the topic.