How to Draw Bill of Exchange Format for 5 Marks in HSC 2026
- 3 days ago
- 4 min read
If you are a Commerce student preparing for the HSC 2026 board exams, you know that "Book-keeping and Accountancy" (BK) is the backbone of your percentage. Among the various chapters, Bills of Exchange stands out because it offers a "sure-shot" 5-mark question that requires zero complex calculations—just a perfect eye for detail and formatting.
In this guide, we will break down exactly how to draw the Bill of Exchange Format HSC students need to master to ensure they don’t lose a single fraction of a mark in the 2026 examinations.
Why the Bill of Exchange Format is Crucial for HSC 2026
In the Maharashtra State Board (MSBSHSE) curriculum for 2026, the paper pattern for Book-keeping and Accountancy allocates a specific section for the "Specimen of Bill of Exchange." Usually appearing in the objective or short-answer section, this question asks you to draft a formal bill based on provided details like the Drawer, Drawee, Payee, Amount, and Period.
The beauty of this question is its objectivity. Unlike long practical problems where one hidden adjustment can ruin your tally, the Bill of Exchange Format HSC is purely about presentation and placement. If your "Stamp" is in the right corner and your "Acceptance" is properly centered, those 5 marks are yours.
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The Essential Components of the Bill of Exchange Specimen
Before we look at the draft, let’s identify the "Big Six" components that examiners look for when grading your Bill of Exchange Format HSC answer:
The Title: Boldly centered at the top.
Drawer’s Name and Address: Placed on the top right-hand side.
Date of Drawing: Right below the Drawer’s address.
Stamp and Amount: A rectangular box for "Stamp" and another for the "Amount in Figures" on the top left.
The Body (The Promise): The core text stating the period and the order to pay.
Acceptance: The most critical part, located at the bottom left, signed by the Drawee.
Step-by-Step: Drawing the Bill of Exchange Format HSC 2026
Follow this layout strictly. In the 2026 board exam, the moderators are instructed to look for neatness and the correct placement of "After Date" or "After Sight" clauses.
1. The Header and Stamp
Always start by drawing a neat outer box. In the center, write BILL OF EXCHANGE. On the top left, draw a small box and write STAMP. Directly below it, draw another box for the Amount (₹).
2. The Drawer's Details
On the right side, write the Drawer's name and full address as given in the question. Don't forget the date the bill was drawn.
3. Drafting the Body
The body usually starts with the period. For example:
"Ninety days after date, pay to me or my order (or to Name of Payee), the sum of Rupees (Amount in words) only, for the value received."
4. The Signatures
The Drawer signs on the right. The Drawee’s name and address go on the bottom left.
5. The Acceptance (The 5-Mark Secret)
To make the bill legal, the Drawee must accept it. Draw two parallel lines across the face of the bill or simply write "ACCEPTED" in the center-left. Write the name of the Drawee, the date of acceptance, and the amount (if it's a qualified acceptance).
Pro-Tips for the 2026 Board Exam
Use a Ruler: This sounds basic, but a free-hand "Stamp" box can cost you half a mark for poor presentation.
Check the Dates: If the date of drawing is 1st March and the date of acceptance is 3rd March, ensure both are mentioned in their respective places.
Payee Inclusion: If the question mentions a "Payee," ensure the body says "pay to [Payee Name]" instead of "pay to me."
Amount Accuracy: Ensure the amount in the box (figures) matches the amount in the body (words) exactly.
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Solved Example for 2026 Practice
Question: Prepare a format of Bill of Exchange from the following:
Drawer: Mr. Rajesh Sharma, Plot 12, MG Road, Pune.
Drawee: Mr. Sunil Verma, 45, Station Road, Mumbai.
Amount: ₹ 15,000.
Period: 3 months.
Date of Bill: 10th Jan 2026.
Date of Acceptance: 13th Jan 2026.
Solution: Imagine a neat box containing "BILL OF EXCHANGE" at the top. On the right, Rajesh Sharma's Pune address is listed with the date 10th Jan 2026. On the left, the Stamp and ₹ 15,000 are boxed. The body reads: "Three months after date, pay to me or my order the sum of Rupees Fifteen Thousand only, for the value received." At the bottom, Sunil Verma's "Accepted" signature with the date 13th Jan 2026 completes the 5-mark answer.
FAQs: Bill of Exchange Format HSC
Q1: What is the Bill of Exchange Format HSC students must follow in 2026?
Students should follow the standard legal specimen which includes the Title, Stamp, Amount in figures, Drawer’s details, the body of the bill, and the Drawee’s acceptance signature with the date.
Q2: Can I use a pencil to draw the boxes?
Yes, it is recommended to draw the outer box and the Stamp/Amount boxes with a pencil and ruler for neatness, while writing the text in blue or black ink.
Q3: What happens if the Payee is different from the Drawer?
In the Bill of Exchange Format HSC questions, if a Payee is mentioned, you must change the wording from "pay to me or my order" to "pay to [Payee Name] or his/her order."
Q4: Is the date of acceptance mandatory?
Absolutely. A bill is not legally binding until it is accepted. For your 2026 exam, always include the "Date of Acceptance" below the Drawee’s signature to secure full marks.
Conclusion
The Bill of Exchange Format HSC is perhaps the most "reward-to-effort" efficient topic in the entire BK syllabus. By spending just 30 minutes practicing the layout and ensuring your alignments are perfect, you secure 5 marks that can significantly boost your overall percentage in the HSC 2026 exams.
Stay focused, keep your formats clean, and remember that in Book-keeping, your presentation speaks as loudly as your totals!
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