Bill Discounted from Bank Class 11 Accounts | Bills of Exchange | Class 11 Accounts

Bill Discounted from Bank is a topic of Class 11 Accounts in the chapter Bills of Exchange. A bill of exchange can be discounted from bank by the drawer before the maturity of bill. In this case the bank charges discounting commission or interest or discount charges for the unexpired period of the bill and credits the balance amount in the account of drawer. The bank will get the amount on maturity on the due date of the bill from the drawee. . . . . 👍 Keep learning and keep growing with us!! ✅ If you like this video , please Like , Comment , Share & Subscribe our Channel Also Join our telegram channels: ✅ Class 11 Accounts by CA Manish Mahajan: https://t.me/class11accountsbycamanish ✅ Class 11 Economics by CA Manish Mahajan: https://t.me/class11economicsbycamanish ✅ Class 12 Accounts by CA Manish Mahajan: https://t.me/class12accountsbycamanish ✅ Class 12 Economics by CA Manish Mahajan: https://t.me/class12economicsbycamanish ✅ This channel helps you understand the concepts related to : Class 11 Accountancy; Class 11 Economics; Class 12 Accountancy; Class 12 Economics; CA and CS Foundation basics . . . . CA Manish Mahajan is a first class commerce graduate from Panjab University, having done his graduation in B.Com (Finance Hons.) from GGDSD College, Chandigarh. He qualified Chartered Accountancy course in 2010 and was placed in merit list (31st All India Rank in Final and 22nd All India Rank in Foundation). He possesses a vast experience of more than 15 Years in teaching Accountancy, Economics and Mathematics to the students of Classes +1 and+2 and also mentored the students of B.Com and CA. He has authored the books on Accountancy, Economics and Indirect Tax Laws. His unique lecture delivery and practical method of teaching, helps the student to easily grasp and remember the subject. This Channel provides all the educational content for the students of class 11 and class 12 for subjects Accounts and Economics. Here you get regular & organized content for complete course study. You can Contact / WhatsApp us on the following numbers for further assistance: CA Manish Mahajan : ☎️ 7888695588, Concepts Commerce Academy Email: [email protected] Our website: https://conceptsacademy.in/ Like us on Facebook -   / conceptscommerceacademy   Follow us on Instagram -   / conceptscommerceacademy   Download our mobile learning App - https://play.google.com/store/apps/de... #billdiscounted #billdiscountedfrombank #discountingofbillofexchange #billsofexchange #promissorynotes #boe #drawer #drawee #payee #conceptofBOE #class11 #accounts