This video covers the concept of Bills of Exchange, part of chapter 16, Class 11 CBSE - in which you'll understand the Journal Entries on Dishonour & Renewal of a Bill. In totality there are 3 video parts, this being Part 3

The video is quite descriptive and informational in terms of clearing concepts, so please watch it completely. Any doubts or questions, please feel free to write in comments.
Bills of exchange | important terms | class 11 accounts
Accounting for Bills of exchange Class 11 Accounts Chapter 16
Chapter 16 Accounts / Accountancy Class 11
Bill of exchange and Promissory Note
Definition Specimen Features Parties
Difference between Bill of Exchange and Promissory Note
Terms in Bill of Exchange:
Term of Bill
Accommodation bill (concept)
Days of Grace
Date of maturity
Discounting of bill
Endorsement of bill
Bill after due date
Negotiation
Bill sent for collection
Dishonour of bill
Retirement of bill
Renewal of bill
Parties to bill of exchange
Meaning of bills receivable and bills payable
Drawer Drawee Payee

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