![]() Bates, to be surgeon to the Swallow, Captain Abraham Pannel, commander with whom I continued three years and a half, making a voyage or two into the Levant, and some other parts. Soon after my return from Leyden, I was recommended by my good master, Mr. Bates, I went down to my father: where, by the assistance of him and my uncle John, and some other relations, I got forty pounds, and a promise of thirty pounds a year to maintain me at Leyden: there I studied physic two years and seven months, knowing it would be useful in long voyages. My father now and then sending me small sums of money, I laid them out in learning navigation, and other parts of the mathematics, useful to those who intend to travel, as I always believed it would be, some time or other, my fortune to do. ![]() ![]() James Bates, an eminent surgeon in London, with whom I continued four years. He sent me to Emanuel College in Cambridge at fourteen years old, where I resided three years, and applied myself close to my studies but the charge of maintaining me, although I had a very scanty allowance, being too great for a narrow fortune, I was bound apprentice to Mr. My father had a small estate in Nottinghamshire: I was the third of five sons. Gets safe on shore in the country of Lilliput is made a prisoner, and carried up the country. He is shipwrecked, and swims for his life. The author gives some account of himself and family. In the end, excitement of new world goes away from readers and long monologues of narrator's experiences and discourse within those society becomes boring. For instance religion and politicians can be arbitary and foolish and that's mentioned as such without really understanding depth of things. Lots of people found this work of Swift to be satire on modern world, and it kind of is, but very peripheral one. Transition from one society to another, through multiple sea voyages, is fast and not dwelt much upon. All socieities - small people, monsterous people, floating people, horse people - have pretty much that distinction but rest of world - animals, plants, things and inventions - are similar to rest of normal world. Author imagines well on social culture and actions based on people but doesn't think through a lot on social and technological environment. Book is essentially a collection of author's imaginations on what people will do and act in different strange societies. Pass the necessary journal entry for bills of exchange in the books of A and B.Got around to read this classic. On the due date, the bill was dishonored and noting charges paid by A ₹50. A got the bill discounted with the bank on 1 Aug p.a. He drew a bill on B on the same date for the amount to be paid on 1 st October 2018. On 1 st August 2018, A sold goods to B for ₹ 10000 on credit. In case of dishonor, the person who is responsible for the dishonor bears the noting charges. They charge fees for this known as Noting charges. In case of dishonor, they note the reasons for dishonor and give the bill back to the drawer. If the bill is honored, they hand over the money to the Drawer. In this case, he can give it to the Notary Public. Notary Public presents the bill to the Drawer for payment instead of the Drawer. The drawer may feel that the drawee may dishonor the bill. (Being payment received against the bill) (Being bill endorsed in favor of creditor) (Being bill retained till maturity and dishonored) (Being bill retained till maturity and payment received) Journal Entry for Bills of Exchange Drawer’s Books Date On the due date, there can be two situations: The drawer can treat the bill in the following ways: Drawee will be the payee as well most of the time but sometimes a third party will pay the bill on behalf of the drawee then the third party will become the payee Browse more Topics under Bills Of Exchange And Promissory Notes The payee is the person who eventually pays for the bill. ![]() On the due date, the holder presents the bill to the drawee for payment. The drawer may endorse the bill to another person who becomes the holder of the bill. Once accepted, the bill becomes Bills Receivable for the drawer and Bills Payable for the drawee or payee. The drawer is the person who draws or makes the bill and sends it to the drawee or the payer for the acceptance. It contains an unconditional order requiring a certain person to pay a certain sum of money on a stipulated date. A bill of exchange is a negotiable instrument under the Negotiable Instrument Act, 1881. Before we start with the Journal Entry for Bills of Exchange, let us understand first what a bill of exchange is.
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