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What are the Accommodation Bills? Give an example of it.

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Question added by Sabir Hussain , Accounting Manager , Etihad Aviation Tours & Travels
Date Posted: 2015/07/24
Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Accommodation bill is a bill , draft or note made, drawn, accepted and endorsed by one person for another person without any consideration ---- Just to facilitate other to obtain credit from the bank/ financial institution or third party..............It is Bill of exchange, Hundi , commercial papers.

YES AGREE WITH YOU>>>>>>>>>>>>>>>>>>>>>>>

Sabir Hussain
by Sabir Hussain , Accounting Manager , Etihad Aviation Tours & Travels

Brother, It is a kind of Bill of Exchange

Nitin Pradhan
by Nitin Pradhan , Manager - Sales & Commercial , Metafrique Group

Depends on which context is the question. In case of a salaried person, it could be the monthly rent plus annual tax. For a sales person it could be hotel bills, while on business tour.

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