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Bill Discounting - Explained in Hindi
 
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Bill Discounting or Discounting of Bills of Exchange is explained with example in hindi. What is bill discounting meaning? Conditions imposed by a bill discounting bank. How funds can be raised by a Payee based on Bill of Exchange or Promissory Note? Related Videos: Bill of Exchange - https://youtu.be/qcpkS1tpsFk Promissory Note - https://youtu.be/Rh2GkMpJ7vU बिल डिस्कॉउंटिंग या डिस्कॉउंटिंग ऑफ़ बिल्स ऑफ़ एक्सचेंज को इस वीडियो में उदाहरण के साथ समझाया गया है। बिल डिस्कॉउंटिंग का क्या मतलब होता है? बिल डिस्कॉउंटिंग बैंक द्वारा क्या शर्तें लगायी जाती हैं? बिल ऑफ एक्सचेंज या प्रोमिसरी नोट के आधार पर पेयी द्वारा फंड्स कैसे रेज किये जा सकते है? Share this Video: https://youtu.be/PXzGqEL1RfQ Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is bill discounting or discounting of bills of exchange? What is the concept of discounting of bills? Why discounting of bills of exchange is used? What is the meaning of bill discounting? How the concept of bill discounting works? How bill discounting is used in international trade? How funds can be raised based on bill of exchange or promissory note? What conditions are imposed by bill discounting bank? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Twitter - http://twitter.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Hope you liked this video in Hindi on “Bill Discounting - Bills of Exchange”.
Views: 12938 Asset Yogi
Discounting of Bills of Exchange in Hindi
 
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Link to the website article: https://thecommercetutor.com/bills-exchange-discounting-endorsement-dishonour/ Hello Friends! In this video I have tried to explain the concept of discounting of bills in hindi with examples. Hope this video helps you to understand the concepts. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 15418 The Commerce Tutor
Discounting of Bill
 
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Did you liked this video lecture? Then please check out the complete course related to this lecture, Advanced Accounting A Complete Studywith 450+ Lectures, 60+ hours content available at discounted price(10% off) with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2weNR0h Enrollment Link For Students From India: https://www.instamojo.com/caraja/advanced-accounting-a-complete-study-for-ca-/?discount=inyaacs4 Our website link : https://www.carajaclasses.com Course Description Welcome to this course Advanced Accounting A Complete Study for CA / CMA / CFA / CS Students. As the name says, this course is structured keeping in mind academic curriculum of Advanced Accounting Paper meant for CA IPCC / CMA Inter / CS / CFA Students. In this course, you will learn advanced Accounting topics like a) Branch Accounts b) Departmental Accounts c) Accounting for Royalties d) Accounting for Hire Purchase Transactions e) Self Balancing Ledgers f) Sectional Balancing Ledgers g) Accounting for Service Sectors, Project Accounting, etc. h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions. i) Accounting for Special Transactions - Bill of Exchange j) Accounting for Special Transactions - Consignment k) Accounting for Special Transactions - Joint Venture l) Accounting for Special Transactions - Sale of goods on Approval or Return Basis m) Accounting for Special Transactions - Account Current n) Accounting for Special Transactions - Investment Accounts o) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit) p) Accounting for Banking, Electricity and Insurance Companies. This course is structured in self paced learning style. Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems. Take this course and gain complete understanding of Advanced Concepts in Accounting and prepare confident-ally for Professional Course Examinations.
Views: 19384 CARAJACLASSES
Bill Of Exchange (Basic Concept)
 
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In this Presentation Clear the defination and concept of bill of exchange
Views: 59417 Suresh Makwana
Bill of Exchange [Part-3],11th Class Account, Drawer,Drawee,Bill discount
 
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Bill Of Exchange notes http://www.iamtopper.com/11th-accounts/bill-of-exchange-11th-class-accounts/ We know that now-a-days in business transactions on credit are on the rise. When goods are sold on credit a huge amount of capital is blocked. Then there is no certainity when the amount will be paid. A solution of the problem is giving this fact in writing in proper form so that the buyer or debtor has to pay a definite sum to the seller/creditor on demand or after the expiry of a certain period. Such a formal document duly signed by both the parties is called a Bill of Exchange. Promissory Note : According to secton 4 of the Negotiable Instruments Act, 1881, A Promissory Note is an instrument in writing (not being a bank note or a currency note) containing an unconditional undertaking signed by the maker to pay a certain sum of money only to or to the order of a certain person. Features of a Promissory Note BILLS OF EXCHANGE – MEANING A bill of exchange is an instrument is 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
#3 | Bills of exchange | Part - 3 | Discounting of bill | Concepts and journal entries
 
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This video is suitable for BILL OF EXCHANGE | INTRODUCTION TO BILLS OF EXCHANGE | BILLS OF EXCHANGE COMPLETE CHAPTER | BILLS OF EXCHANGE CA CPT | CONCEPT OF BILLS OF EXCHANGE | BILLS OF EXCHANGE IN HINDI | BILLS OF EXCHANGE JOURNAL ENTRIES | WHAT IS BILLS OF EXCHANGE | BILLS OF EXCHANGE CLASS 11 | HOW TO CALCULATE DUE DATE OF A BILL EXCHANGE | BILLS OF EXCHANGE BY CHANDN PODDAR . To watch complete course click here :- https://www.vidyakul.com/super-saver/super-saver-by-chandan-sir For Videos related call at :- 9818434684 For Books related enquiry :- 8010201786 For any other Enquiry :- 9953633448 Mail ID :- [email protected]
Problem 2 on Bill of Exchange: Basic Entries for Discounting, Endorsement and Sent for Collection
 
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Link to website article for Journal Entries: https://thecommercetutor.com/journal-entries-bills-of-exchange/ This is the second problem relating to Bills of Exchange covering basic journal entries relating to discounting, endorsement and bills sent for collection. Please provide your feedback via the comments. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 7258 The Commerce Tutor
Problem 3 on Bill of Exchange : Discounting and Dishonour [Hindi]
 
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Link to website article for Journal Entries: https://thecommercetutor.com/journal-entries-bills-of-exchange/ This is the third problem relating to Bills of Exchange covering basic journal entries relating to discounting, dishonour and endorsement of bills. Please provide your feedback via the comments. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 9482 The Commerce Tutor
BILL OF EXCHANGE STD. 12TH CHAPTER 5 ACCOUNT
 
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Dear students... Learn Account in a easy way... learn and score. This video shows an innovative method of solving sums of Accountancy. The sum is of BILL OF EXCHANGE taken from Std 12th Textbook of Maharashtra State board. CWT EDUCATIONAL CHANNEL for nursrey to 12 std man behind B.ALAM PATHAN must watch and please "LIKE" and "SUBSCRIBE" and thanks for watching 12th accounts book in english 12th standard accounts book 12th std accounts textbook 12th std question bank sslc question papers
LIVE! Freedom Workshop Bill of Exchange Numbers and Chargeback
 
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Views: 1228 April LaJune
Retiring of a bill under rebate bills of exchange
 
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In this video we will discuss how to do the journal entry of retiring of Bill under rebate in bills of exchange this video will be beneficial for the students of class 11th CA Foundation CPT CS Foundation IPCC and for beginners I hope you will like this video if you have any doubt please ask me in the comment box #retiring #bill #rebate ___________________________________________  Link for the PDF and notes : https://digeshshala.blogspot.com/p/home.html___________________________________________   Playlist of all classes chapterwise in hindi   Class 12th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdATlcwk5xxuL9MTNAL9rYYx    Class 11th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ   Class 11th Business studies lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdDSZWPBpHY78okveJI4Bhrx   GST all chapters playlist in Hindi : https://m.youtube.com/playlist?list=PLUsUBXYVOqdBIX5qqLF53derbjKsMGHW5 All Basic terms of accounting  https://m.youtube.com/playlist?list=PLUsUBXYVOqdAC3VKvwXWJr6X3oMZtbm-c   class 10thmaths from ncert book/cbse in hindi chapterwise with solutions  https://m.youtube.com/playlist?list=PLUsUBXYVOqdDs10r2RYPgYEfMYHZBCj-e     Learn all the journal entries in 5 minutes: https://youtu.be/bRxRM6a12sA   What is Asset? Expense? Capital? Liability? Income?????: https://youtu.be/S1iBPIR6umY___________________________________________    You can contact me on:   Facebook page     :  https://www.facebook.com/Digeshshala.digeshsoni/?view_public_for=367201753757403   WhatsApp no. 9039927843   Whatsapp group : https://chat.whatsapp.com/0gSogGmkWk2AbJpP0bnpGn   Telegram group : https://t.me/joinchat/Jwr_IA7tbNG44-mdg7pvfw   Facebook profile : https://m.facebook.com/Digesh.soni.31   instagram : https://www.instagram.com/digesh.soni/   twitter : https://twitter.com/soni_digesh
Views: 222 DIGESHSHALA
Retiring a Bill Under Rebate Question | Class 11 Accountancy Bills of Exchange
 
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Retiring a Bill Under Rebate Question | Class 11 Accountancy Bills of Exchange by Anjali Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty. Download scholarslearning app from android and ios .
When Bill Is Discounted With the Bank | Class 11 Accountancy Bills Of Exchange
 
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When Bill Is Discounted With the Bank | Class 11 Accountancy Bills Of Exchange by Anjali Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty. Download scholarslearning app from android and ios .
Bill Of Exchange in hindi | Bill Of Exchange  | concept of bill of exchange | Trade and Finance
 
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Bill Of Exchange (Basic Concept) | In this video i will tell you about Bills of Exchange Bills of Exchange – Bills 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. Parties to a Bill of Exchange 1) The Drawer- the party who makes the order 2) The Drawee- The party who accepts the order 3) The payee- the party to whom the amount is to be paid
Views: 12046 Fin Baba
Bills of Exchange Accounting Entries Drawer and Drawee 15.1 (T S Grewal)
 
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Accounting Treatment of Bills of Exchange for the students of Class XI from the Text Book T S Grewal
Views: 254057 Gagan Kapoor
How to calculate due date of a Bill of Exchange?
 
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This video explains the method to calculate due date of a usance bill of exchange
Views: 18720 Ns Toor
Bill Of Exchange in hindi
 
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Concept of Bill of Exchange(basic)
Views: 64667 Suresh Makwana
Introduction to Bills of Exchange
 
07:42
Did you liked this video lecture? Then please check out the complete course related to this lecture, Advanced Accounting A Complete Studywith 450+ Lectures, 60+ hours content available at discounted price(10% off) with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2weNR0h Enrollment Link For Students From India: https://www.instamojo.com/caraja/advanced-accounting-a-complete-study-for-ca-/?discount=inyaacs4 Our website link : https://www.carajaclasses.com Course Description Welcome to this course Advanced Accounting A Complete Study for CA / CMA / CFA / CS Students. As the name says, this course is structured keeping in mind academic curriculum of Advanced Accounting Paper meant for CA IPCC / CMA Inter / CS / CFA Students. In this course, you will learn advanced Accounting topics like a) Branch Accounts b) Departmental Accounts c) Accounting for Royalties d) Accounting for Hire Purchase Transactions e) Self Balancing Ledgers f) Sectional Balancing Ledgers g) Accounting for Service Sectors, Project Accounting, etc. h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions. i) Accounting for Special Transactions - Bill of Exchange j) Accounting for Special Transactions - Consignment k) Accounting for Special Transactions - Joint Venture l) Accounting for Special Transactions - Sale of goods on Approval or Return Basis m) Accounting for Special Transactions - Account Current n) Accounting for Special Transactions - Investment Accounts o) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit) p) Accounting for Banking, Electricity and Insurance Companies. This course is structured in self paced learning style. Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems. Take this course and gain complete understanding of Advanced Concepts in Accounting and prepare confident-ally for Professional Course Examinations.
Views: 5768 CARAJACLASSES
Bill of Exchange[Part-2],Parties of BOE,Cases of BOE,Maturity Date,[11th Accounts Class]
 
16:37
A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract.
1  (Financial Instrument)   What is Bill's Discounting
 
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Case FE 5 - What is the Difference between Bills discounting and Factoring Solution - By Amlan Dutta Common Preface - I am seller of cars from India ...i get a 110 $ order in the month of january from Harry Ltd ( a buyer in USA )...the buyer seeks a 12 month credit for making payment ...i ship the car in the month of january itself but i wont be getting the payment now ...i really need the money though ....so , now using the bills , which will be paid only after 12 months , i have two options (1) Factoring Approcah a financial institution caled as a factor (say SBI /Mumbai )...ask it to buy the bill and pay me bill receivables i.e 110 $ upfront The factor checks the bills .If it isconvinced of the bill authencity and is willing to take th erisk of securing the payment from the buyer (Harry Ltd ), it buys the bills and pays me a factor i.e 90 % of 110 Rs say 100 Rs approx I get my cash needed .. The bank now approaches Harry LTD for the payment using the bills ...when harry makes the bank the payment , the bank returns to me the balance payment i.e 110-100 = 10 $ ... The bank charges from me a certain percent 0.45 - 1% of the contract valiue i.e 110 $ (depending on competition )...say it charges 1 %...i pay it o.9 $ Hope this is clear (2) Bills /Invoice discounting After having shipped the material in the month of january , i approach financial institutions who would be willing to buy my bills for doscounting What happens here is that the bills are duie for 110 $ a year later Say the present rate of interest offered by the bank is 10 % , the discounted rate today for the bills due after a year would be (110/1.1)-=100 Rs Say , SBI is convinced that the bills are genuine and would be willing to take on the buisness , it would discount the bills and give me the 100 Rs today It will buy from me the bills and now the onus of collectinmg payment from Harry LTD lies with SBI When SBI gets the payment i.e 110 $ , the balance 110 - 100 i.e the ineterest component si credite dto SBI account ....this is the reward that it gets for taking the risk of doscounting the bills , This is what the basic difference between Bills dioscounting and factoring means , Hope it is clear , Humble regards , Amlan Dutta Do check my tutorials for this subject .......
Views: 20033 Make Knowledge Free
Bill of Exchange [Part-5] Class 11 Accounts,Dishonour of Bill,
 
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Bill of Exchange [Part-5] Class 11 Accounts A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract. A bill of exchange is also called a draft but, while all drafts are negotiable instruments, only "to order" bills of exchange can be negotiated. According to the 1930 Convention Providing A Uniform Law For Bills of Exchange and Promissory Notes held in Geneva (also called Geneva Convention) a bill of exchange contains: (1) The term bill of exchange inserted in the body of the instrument and expressed in the language employed in drawing up the instrument. Contact Us for Class 11 accounts Class 11 accounts in hindi Class 11 accounts video lecture Class 11 accounts notes
Bills Of Exchange - Dishonour of a Bill : Journal Entries (Accounts Class 11th)
 
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In this video, i will teach you about bills Of exchange. Learn the easy way to solve the questions.
Views: 4620 Accountancy Class 11
05 Bills of exchange - Bill Sent to Bank for Collection
 
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You can buy this book from here:- https://goo.gl/yMNRhZ Check below links stay tuned & enjoy more learning. Website http://www.targetpublications.org/ Facebook Target Publications: https://www.facebook.com/targetpublications/ MPSC : https://www.facebook.com/targetmpscforum/ YouTube https://www.youtube.com/user/targetpublications?sub-confirmation=1 Twitter https://twitter.com/targetppl Instagram https://www.instagram.com/targetpublications/ Google+ https://plus.google.com/+TargetpublicationsOrg MyeNotes App https://play.google.com/store/apps/details?id=com.sunone.target.elearn&hl=en Target Publications App https://play.google.com/store/apps/details?id=com.mobicommerce.targetpublications&hl=en Online Test Series http://www.online.targetpublications.org/ IOS Apple https://itunes.apple.com/fi/app/target-publications/id986669299?mt=8
Views: 141 Target Publications
#4 | Bills of exchange | Part - 4 | Endorsement of bill | Concepts and journal entries
 
19:05
This video is suitable for BILL OF EXCHANGE | INTRODUCTION TO BILLS OF EXCHANGE | BILLS OF EXCHANGE COMPLETE CHAPTER | BILLS OF EXCHANGE CA CPT | CONCEPT OF BILLS OF EXCHANGE | BILLS OF EXCHANGE IN HINDI | BILLS OF EXCHANGE JOURNAL ENTRIES | WHAT IS BILLS OF EXCHANGE | BILLS OF EXCHANGE CLASS 11 | HOW TO CALCULATE DUE DATE OF A BILL EXCHANGE | BILLS OF EXCHANGE BY CHANDN PODDAR . To watch complete course click here :- https://www.vidyakul.com/super-saver/super-saver-by-chandan-sir For Videos related call at :- 9818434684 For Books related enquiry :- 8010201786 For any other Enquiry :- 9953633448 Mail ID :- [email protected]
Bill of Exchange - An Overview
 
17:29
This animation introduces the learner to bill of exchange / promissory note, related terms and advantages of the same. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
Views: 40760 Iken Edu
Discount /Rebate
 
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Discount /Rebate Types of discount Pass the journal entry class 11 Ghar padho gharpadho
Views: 6639 Ghar Padho
Bill of Exchange [Part-1] :11th Class Accounts
 
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Notes Website : http://www.iamtopper.com/ ►Like Us on Facebook https://www.facebook.com/iatclasses/ ►Follow us on Twitter https://twitter.com/iatClasses ►Follow us on Instagram. https://www.instagram.com/iatclasses/ A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract.
Bill of Exchange [Part-4],Class 11th Accounts ,Endorsement of Bill,Sent for Collection Account
 
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Bill Of Exchange notes http://www.iamtopper.com/11th-accounts/bill-of-exchange-11th-class-accounts/ We know that now-a-days in business transactions on credit are on the rise. When goods are sold on credit a huge amount of capital is blocked. Then there is no certainity when the amount will be paid. A solution of the problem is giving this fact in writing in proper form so that the buyer or debtor has to pay a definite sum to the seller/creditor on demand or after the expiry of a certain period. Such a formal document duly signed by both the parties is called a Bill of Exchange. Promissory Note : According to secton 4 of the Negotiable Instruments Act, 1881, A Promissory Note is an instrument in writing (not being a bank note or a currency note) containing an unconditional undertaking signed by the maker to pay a certain sum of money only to or to the order of a certain person. Features of a Promissory Note BILLS OF EXCHANGE – MEANING A bill of exchange is an instrument is 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
Bills of Exchange
 
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Creation of Spl G/L for Customers, Assignment of Customer Reconciliation A/c & Spl G/L, Assign of COA, Bank, etc... Customer Postings of Bills of Exchange....
Views: 5808 MSN Durga Prasad
Bill of Exchange - Episode 7
 
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Bill discounted from Bank
Views: 2995 Smart Lectures
ACCOMODATION BILLS OF EXCHANGE
 
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HELLO FRIENDS! In this video I have tried to explain the concept of accomodation bills of exchange. Hope you like this video. Please provide your feedback via the comments below. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 5630 The Commerce Tutor
Bill of Exchange - Episode 12
 
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Bill is discounted and dishonoured
Views: 3579 Smart Lectures
What is discounting of the bill /part 2/Hindi
 
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Discounting of the bill in hindi in easy language
Views: 608 Ayush Mittal
3 Rebate on bills discounted
 
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Rebate on Bills Discounted is an important concept that banking students must understand. This voice mixed power point presentation will help the viewers to understand the concept of rebate on bills discounted.
Views: 9237 Dr. Shirish Limaye
Bill of exchange part 2
 
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Bill of Exchange journal entries in Easy way. What is Bill of Exchange meaning, format, parties, endorsement of bill etc.? Discounting of Bills of Exchange and Types of Bill of Exchange will be discussed in upcoming videos. Other negotiable instruments under Negotiable Instrument Act 1881 are Promissory Note and Cheque.
Views: 1643 Sanket pandit
6 (Financial Instrument ) What is the Difference between Factoring and Bills Discounting
 
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Case - What is the Difference between Bill discounting and factoring Case FE 5 - What is the Difference between Bills discounting and Factoring Solution - By Amlan Dutta Common Preface - I am seller of cars from India ...i get a 110 $ order in the month of january from Harry Ltd ( a buyer in USA )...the buyer seeks a 12 month credit for making payment ...i ship the car in the month of january itself but i wont be getting the payment now ...i really need the money though ....so , now using the bills , which will be paid only after 12 months , i have two options (1) Factoring Approcah a financial institution caled as a factor (say SBI /Mumbai )...ask it to buy the bill and pay me bill receivables i.e 110 $ upfront The factor checks the bills .If it isconvinced of the bill authencity and is willing to take th erisk of securing the payment from the buyer (Harry Ltd ), it buys the bills and pays me a factor i.e 90 % of 110 Rs say 100 Rs approx I get my cash needed .. The bank now approaches Harry LTD for the payment using the bills ...when harry makes the bank the payment , the bank returns to me the balance payment i.e 110-100 = 10 $ ... The bank charges from me a certain percent 0.45 - 1% of the contract valiue i.e 110 $ (depending on competition )...say it charges 1 %...i pay it o.9 $ Hope this is clear (2) Bills /Invoice discounting After having shipped the material in the month of january , i approach financial institutions who would be willing to buy my bills for doscounting What happens here is that the bills are duie for 110 $ a year later Say the present rate of interest offered by the bank is 10 % , the discounted rate today for the bills due after a year would be (110/1.1)-=100 Rs Say , SBI is convinced that the bills are genuine and would be willing to take on the business , it would discount the bills and give me the 100 Rs today It will buy from me the bills and now the onus of collecting payment from Harry LTD lies with SBI When SBI gets the payment i.e 110 $ , the balance 110 - 100 i.e the interest component is credited to SBI account ....this is the reward that it gets for taking the risk of discounting the bills , This is the basic difference between Bills discounting and factoring. Hope it is clear , Humble regards , Amlan Dutta Do check my tutorials for this subject .......
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What is Dishonour of Bill | Bills of Exchange Accounting | CA CPT | CS & CMA | Class11 | Class12
 
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What is Dishonour of Bill, Learn Bills of Exchange for Free. We have covered What is Bills of Exchange & Promisory Notes, Accounting Treatment of Bills of Exchange and Period of Bills .For Details Visit http://www.meraskill.com/ca-cpt/accounts/bills-of-exchange WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 10998 Mera Skill
Retirement of Bills of Exchange in Hindi
 
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Link to the website article: https://thecommercetutor.com/bills-exchange-discounting-endorsement-dishonour/ Hello Friends! In this video I have discussed the concept of retirement of bills of exchange and rebate on retirement of bills of exchange in Hindi. Hope you find the video useful. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 3585 The Commerce Tutor
DISCOUNTING OF BILLS ACCOUNTANCY BCOM ,MCOM ,CA-CPT,IPCC,FINALS ,ICWA ,CS ,CMA ,CFA ,BBA ,MBA
 
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DISCOUNTING OF BILLS ACCOUNTANCY BCOM ,MCOM ,CA-CPT,IPCC,FINALS ,ICWA ,CS ,CMA ,CFA ,BBA ,MBA VISIT OUR WEBSITE https://www.souravsirclasses.com/ FOR COMPLETE LECTURES / STUDY MATERIALS /NOTES /GUIDENCE / PAST YEAR SOLVED +SAMPLE PAPAERS /TRICKS /MCQ / SHORT CUT/ VIDEO LECTURES /LIVE + ONLINE CLASSES GIVE US A CALL / WHAST APP AT 9836793076 Also find us at…. BLOGSPOT http://souravdas3366.blogspot.com/ SLIDES ON COURSES https://www.slideshare.net/Souravdas31 TWITTER https://twitter.com/souravdas3366 FACEBOOK https://www.facebook.com/Sourav-Sirs-... LINKED IN https://www.linkedin.com/in/sourav-da... GOOGLE PLUS https://plus.google.com/+souravdassou... When the acceptor of a bill of exchange is a reputable person the bill is as good as money, and any bank will discount it. Definition and Explanation of Discounting a Bill: If the drawer of the bill does not want to wait till the due date of the bill and is in need of money, he may sell his bill to a bank at a certain rate of discount. The bill will be endorsed by the drawer with a signed and dated order to pay the bank. The bank will become the holder and the owner of the bill. After getting the bill, the bank will pay cash to the drawer equal to the face value less interest or discount at an agreed rate for the number of days it has to run. This process is know as discounting of a bill of exchange. Example: For example, a drawer has a bill for $10,000. He discounted this bill with his bank two months before its due date at 15% p.a. rate of discount. Discount will be calculated as the follow: 1,000 × 15/100 × 2/12 = 250 Thus the drawer will receive a cash worth $9,750 and will bear a loss of $250. The bank will keep this bill in possession till the due date. On maturity (due date) the bank will present the bill to the acceptor and will receive cash from him (if the bill is honored). In case, the acceptor does not make the payment to the bank, then the drawer on any person who has discounted the bill have to take this liability and will pay cash to the bank. Until the bill is honored on the due date, there is always a chance that the drawer will become liable on the bill. This is called a contingent liability - a liability that will only arise if a certain event occurs - the acceptor does not honor the bill. Invoice or Bill Discounting or Purchasing Bills The terms ‘invoice discounting’ or ‘bills discounting’ or ‘purchase of bills’ are all same. Invoice discounting is a source of working capital finance for the seller of goods on credit. DEFINITION / MEANING OF BILL DISCOUNTING OR INVOICE DISCOUNTING Invoice discounting can be technically defined as the selling of bill to invoice discounting company before the due date of payment at a value which is less than the invoice amount. The difference between the bill amount and the amount paid is the fee of the invoice discounting company. The fee will depend on the period left before payment date and the perceived risk. The bills or invoices under bill discounting are legally the ‘bill of exchange’. A bill of exchange is a negotiable instrument which is negotiable mere by endorsing the name. Our currency is a bill of exchange for example. Currency provides value written over it to the bearer of the instrument. In the case of bill discounting, such bills can be either payable to the bearer or payable to order. Therefore, after discounting a bill, a bank can further get the bill rediscounted from other banks in case of cash flow requirement. WHY INVOICE DISCOUNTING? Invoice Discounting or Bill Discounting or Purchasing BillsThe buyers and sellers of goods have conflicting objectives. The seller wishes to get paid immediately and the buyer wants as longer credit period as possible. Invoice discounting is the solution to the problem which creates a win-win situation. The seller gets his money almost instantly on payment of a small charge and is able to satisfy its customer with credit period. The invoice discounting is an easy way of getting finance. There are no hassles of sanctions etc. BILL DISCOUNTING OR INVOICE DISCOUNTING PROCESS/PROCEDURE The process of bill discounting is simple and logical. The seller sells the goods on credit and raises invoice on the buyer. The buyer accepts the invoice. By accepting, the buyer acknowledges paying on the due date. Seller approaches the financing company to discount it. The financing company assures itself of the legitimacy of the bill and creditworthiness of the buyer. The financing company avails the fund to the seller after deducting appropriate margin, discount and fee as per the norms. The seller gets the funds and uses it for further business. On the due date of payment, the financial intermediary or the seller collects the money from the buyer. ‘Who will collect the money’ depends on the agreement between the seller and financing company.
Bill of Exchange [Part-7],Class 11 Accounts, Renewal of Bill
 
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Bill of Exchange [Part-7],Class 11 Accounts, Renewal of Bill A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract. A bill of exchange is also called a draft but, while all drafts are negotiable instruments, only "to order" bills of exchange can be negotiated. According to the 1930 Convention Providing A Uniform Law For Bills of Exchange and Promissory Notes held in Geneva (also called Geneva Convention) a bill of exchange contains: (1) The term bill of exchange inserted in the body of the instrument and expressed in the language employed in drawing up the instrument. Contact Us for Class 11 accounts Class 11 accounts in hindi Class 11 accounts video lecture Class 11 accounts notes
Bill of Exchange [Part-6] Class 11th Accounts,Cases of Dishonour of bill
 
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Bill of Exchange [Part-6] Class 11th Accounts, What Is a Bill of Exchange? Have you ever written a check for rent or groceries? Then you've used something very similar to a bill of exchange. A bill of exchange is a legally binding, written document that orders a certain party to pay a specific amount of money to a second party. Some bills of exchange may say that the money is due on a predetermined future date, or they may state that payment is due on demand. It's used in the transaction of goods and services. The bill of exchange is signed by the party that owes money (the payer) and given to the party entitled to the money (the seller or payee), who can then use it to fulfill a contract for payment. However, the seller may also endorse the bill of exchange and transfer it to someone else, thereby passing the payment on to another party. Note that when a bill of exchange is issued by a financial institution, it's often called a bank draft. When it's issued by an individual during a transaction, it's referred to as a trade draft. Contact Us for Class 11 accounts Class 11 accounts in hindi Class 11 accounts video lecture Class 11 accounts notes
What is REDISCOUNT? What does REDISCOUNT mean? REDISCOUNT meaning, definition & explanation
 
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What is REDISCOUNT? What does REDISCOUNT mean? REDISCOUNT meaning - REDISCOUNT pronunciation - REDISCOUNT definition - REDISCOUNT explanation - How to pronounce REDISCOUNT? Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Rediscount is the act of discounting a short-term negotiable debt instrument for a second time. Banks may rediscount these short-term debt securities to assist the movement of a market that has a high demand for loans. When there is low liquidity in the market, banks can generate cash by rediscounting short-term securities. Rediscount is a way of providing financing to a bank or other financial institution. Especially in the 19th century and early 20th century banks made loans to their customers by "discounting" the customer's note. The note is a paper document, in a specified form, where the borrower promises to repay a certain amount at a specified date. Let's say the customer wants to borrow $1000. The bank may ask him to sign a note promising to repay $1100 in one year. The bank is "discounting" the note by paying less than the $1100 face amount. The extra $100 is of course the bank's compensation for paying before the note matures. The Federal Reserve System could provide financing by "rediscounting" this note. Maybe the Fed would give the bank $1050 for the note.
Views: 1049 The Audiopedia
CDCS video tutorials Bill of Exchange by Vishal Mantri +91 9960560404
 
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The bill may either call for payment on presentation (known as a ‘sight’ draft) or on a specified future date or a determinable event (known as a ‘tenor’ or ‘usance’ draft). Unconditional payment − . A tenor draft may be presented to the drawee for acceptance. The drawee accepts the draft by signing either on the back or front, according to local custom and law. Acceptance constitutes an unconditional undertaking to pay the draft at maturity. Negotiable − the payee and subsequent holders can negotiate (often referred to as a discount of) the bill. This means that they can sell their rights in the bill to a third party, which then becomes the holder. In return for making immediate cash payment, the party buying the bill often pays less than the face value of the bill. This difference between the amount paid and the full amount payable on the bill at a later date represents the third-party purchaser’s interest charge, opportunity costs and assumption of risk. Transferable or payable to bearer − drafts are normally made payable to a particular party and, if so, are transferred by endorsement and delivery. The latter is the legal term for the physical handing over of the document. They can also be made payable to bearer − that is, the person duly holding the bill at any particular time. In this event, they do not name the bearer and they are transferred by delivery alone.
Views: 557 yuvaguru
bill of exchange part 4: bill sent for collection class 11 bcom mba jaiib ca cs cma SSC CGL TIER 2
 
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LECTURE FOR STUDENTS OF cbse mpboard icse CLASS 11, BCOM FIRST YEAR, MBA FIRST YEAR, CA-CPT STUDENTS, CA-FOUNDATION STUDENTS,CS-FOUNDATION STUDENTS, CMA- FOUNDATION intermediate STUDENTS. jaiib jib SSC CGL TIER 2 topic discussed: accounting and conceptual understanding of bill of exchange, bill sent for collection LECTURE GIVEN BY: MAYANK GOUR ( GOUR BABA) FROM PERPETUAL COMMERCE CLASSES , JABALPUR. FOR COACHING CONTACT: 8889920033 (ONLY IN JABALPUR) LANGUAGE USED: HINDI CONTACT FOR ANY BUSINESS ENQUIRY : [email protected]
Views: 783 Mayank Gour
Bank Accounts Rebate on bills discounted Sum 4
 
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Jagrat Creation Presents This Video lecture on Bank Accounts Which Includes sum wherein concept of Rebate on bills discounted is explained from given information. For explanation various working notes, Ledger Accounts and journal entries are prepared This video is useful for students reading for Bank Accounts in CA Intermediate, ICWAI Executive, B.com., CA-IPCC, Financial Accounting. Keep in touch For Next Accountancy Video on Bank Accounts
Views: 1957 Jagrat Creation
7 (Financial Instrument) How are Bill's Discounted wih a example
 
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Case FE 5 - How are Bills Discounted ? Solution - By Amlan Dutta Common Preface - I am seller of cars from India ...i get a 110 $ order in the month of january from Harry Ltd ( a buyer in USA )...the buyer seeks a 12 month credit for making payment ...i ship the car in the month of january itself but i wont be getting the payment now ...i really need the money though ....so , now using the bills , which will be paid only after 12 months , i approach the bank for discounting Bills /Invoice discounting:- After having shipped the material in the month of january , i approach financial institutions who would be willing to buy my bills for doscounting What happens here is that the bills are duie for 110 $ a year later Say the present rate of interest offered by the bank is 10 % , the discounted rate today for the bills due after a year would be (110/1.1)-=100 Rs Think of it this way ...you have 100 $ with you today ....after a year , assuming 10 % rate of interest what wil be the value of the investment = 100 + interest = 100 + 10 % of 100 = 100 +10 = 110 Now , reverse the calculation , You are supposed to receive the payment of 110 $ after a year Assuming 10 % rate of interest , what will be the value of the money that you will receive today Here you have to divide the maturity by the applicable rate of interest to arrive at the present value ...i.e 110 / 1.10 = 100 ....this process of arriving at present value of future bills /invoice is called bill / invoice discounting Say , SBI is convinced that the bills are genuine and would be willing to take on the buisness , it would discount the bills and give me the 100 Rs today It will buy from me the bills and now the onus of collectinmg payment from Harry LTD lies with SBI When SBI gets the payment i.e 110 $ , the balance 110 - 100 i.e the ineterest component si credite dto SBI account ....this is the reward that it gets for taking the risk of doscounting the bills , Hope the process of bills docounting and how it is done is clear , Humble regards , Amlan Dutta Do check my tutorials for this subject .......
Views: 2253 Make Knowledge Free

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