Difference Between Bill of Exchange and Promissory Note:

Learning Objectives:

1. What is the difference between bill of exchange and promissory note?

A bill of exchange differs from a promissory note on the following points:

You may also be interested in other articles from “accounting for bills of exchange page” chapter:

1. Definition and Explanation of Bill of Exchange
2. Advantages of a Bills of Exchange
3. How a Bill of Exchange Functions
4. Promissory Note
5. Difference between Bill of Exchange and Promissory Note
6. Difference Between Bill of Exchange and Cheque/Check
7. Recording Transactions of Bill of Exchange
8. Drawing, Acceptance, and Payment of Bill of Exchange
9. Discounting of Bill of Exchange
10. Bills of Exchange for Collection
11. Endorsement of a Bill of Exchange
12. Dishonour of a Bill of Exchange
13. Renewal of a Bill of Exchange
14. Retiring of a Bill of Exchange
15. Accommodation Bill of Exchange
16. Insolvency of the Acceptor in a Bill of Exchange

Other Related Accounting Articles:

• Difference Between Bill of Exchange and Cheque/Check
• Definition and Explanation of Bill of Exchange
• Recording Transactions of Bill of Exchange
• Promissory Note
• Drawing, Acceptance, and Payment of Bills of Exchange
• Endorsement of Bill of Exchange
• Advantages of Bills of Exchange
• Renewal of a Bill of Exchange
• Accommodation Bills of Exchange
• How a Bill of Exchange Functions