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CBSE Class 11-commerce Answered

Draw a specimen of a promissory note and explain its contents.
Asked by Topperlearning User | 11 Aug, 2016, 09:55: AM
answered-by-expert Expert Answer

 

In this specimen, Mr. Dev Kumar is the maker of the promissory note and M/S Suraj Electronics and Co. is the payee. The promissory note is drawn for a term of 6 months and an interest of 8% p.a. is payable on the principle amount.

Answered by | 11 Aug, 2016, 11:55: AM
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Draw a specimen of bill of exchange and explain its contents.
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