Skip to main content
Super TutorResources
Chapter 14 of 28
Study Plan

Bills of Exchange — Study Plan

ICSE · Class 11 · Accountancy

A step-by-step study plan for Bills of Exchange, ICSE Class 11 Accountancy: what to learn first, what to practise and when to revise.

63 questions42 flashcards5 concepts

Interactive on Super Tutor

Studying Bills of Exchange? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for study plan and more.

Try Super Tutor — Free

Free trial, no card needed.

Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas and key ideas. Focus on: 1. Meaning and Nature of Negotiable Instruments, 2. Bill of Exchange, 3. Promissory Note.

2
Day 3

Practise

Solve the textbook exercises and extra practice questions. There are 63 questions available for this chapter.

3
Day 4

Revise & Test

Revise key points without looking at your notes. Take a practice quiz and mark weak areas for another pass.

4
Day 7

Spaced Revision

Come back to Bills of Exchange after a week. Use flashcards for quick recall and try past exam questions on this chapter.

What to Focus On

  • Bills of exchange, promissory notes, and cheques are negotiable instruments.
  • In India they are known as Hundis when written in Indian languages.
  • These instruments are governed by the Indian Negotiable Instrument Act, 1881.
  • It is a written order, not a request.
  • The order must be unconditional.
  • It has three parties: drawer, drawee, and payee.
  • Drawer is the seller/creditor who writes the bill.
  • Drawee is the buyer/debtor who accepts and pays the bill.
  • Payee receives the money on the due date.

Common Mistakes to Avoid

A bill of exchange is just a written promise like a promissory note.

The maker of a promissory note can also be its payee.

A cheque is the same as an ordinary bill of exchange, so all bill rules like days of grace and noting apply to cheques too.

Memory Tips

Meaning of a bill of exchange

Three parties in a bill of exchange

Promissory note versus bill of exchange

Cheque as a special bill of exchange

Want a personalised study plan?

Super Tutor builds a day-by-day plan for ICSE Class 11 Accountancy that fits your exam date and pace.

Create My Study Plan

Frequently Asked Questions

What are the important topics in Bills of Exchange for ICSE Class 11 Accountancy?
Key topics in Bills of Exchange include Meaning and Nature of Negotiable Instruments, Bill of Exchange, Promissory Note, Cheque. Study these first, then practise questions on each for Class 11 exams.
How should I revise Bills of Exchange for Class 11 exams?
Learn the core ideas first, then work through the 63 practice questions on Bills of Exchange. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Bills of Exchange

All ICSE Class 11 Accountancy Study Plan

For serious students

Get the full Bills of Exchange chapter — start free.

Quizzes, flashcards, an AI doubt solver and a study plan for ICSE Class 11 Accountancy. Free to start, no card needed.

Try Super Tutor Free
Try this chapter free