Bills and outward collection

Bills and outward collection

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Accounting for Banking (ACC 250)

Unit 3: Accounting for Bills for Collection

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of bills and outward collection.
• Apply the relevant accounting or audit procedures using the stated reporting framework and interpret the resulting evidence.

Curriculum Scope

• Bills for collection: concept, types and necessity for banking business
• Outward bills for collection (OBC): concept and types
• Service charges and accounting records for OBC

Detailed Microsyllabus

1. Collection bills

   1. Meaning, types and business purpose.
   2. Outward bills and relevant documents.
   3. Distinguish collection from outright purchase.

2. OBC records

   1. Track dispatch, realization and outstanding status.
   2. Record service charges.
   3. Prepare entries under the prescribed collection procedure.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 63–66.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.