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Foreign Currency Translations
Amazon Contextual Product Ads. Tuesday, July 5, 2011. An example of Bills of Exchange Accounting. Record the above transactions in the books of X and Y assuming all bills are met on the due date and also assume that on 10th January the fourth bill was send to bank for collection. I will start with the books of X. Open seven accounts vide sales, y (debtor),bills receivable,cash book,discounting charges, creditor Z, and bills sent for collection account. A bill matures after a grace. In the books of Y.
