AFM: Concepts and Practice · Part A: Accounting Principles and Processes

Chapter 6: Bills of exchange

Drawing, accepting and discounting a bill; its due date; and the entries when it is met, dishonoured, renewed or retired.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 6.1Bills, notes and the partiesp. 73
• 6.2The due datep. 74
• 6.3Recording a bill: four choicesp. 75
• 6.4Dishonour, noting and renewalp. 76
• 6.5Retirement; the bank’s booksp. 77
• Exam traps and quick checksp. 78
• Practice: 16 questions in three roundsp. 79
• Answers, with every wrong option explainedp. 81
• Make it stickp. 83
• Chapter 6 on one pagep. 84

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.