If a bill of exchange is dishonoured, the holder has to get evidence. For this purpose, he gets the evidence statement from Notary Public. Writing this statement by the Notary Public is known as noting of the bill. For this Notary Public charges a fee called 'Noting charges' which though paid by the holder, it can be recovered from the acceptor. Notary Public is an official appointed by the Government.

Journal proper is used for making the original record of such transactions for which no special journal has been kept in the business.
Purpose: The journal proper is used to record the following entries:
(i) Opening entries,
(ii) Closing entries,
(iii) Adjusting entries,
(iv) Transfer entries,
(v) Rectifying entries,
(vi) Miscellaneous entries (or) Entries of casual nature.

When the acceptor of a bill knows in advance that he will not be able to meet the bill on its due date, he may approach the drawer with a request for extension of time for payment. The drawer of the bill may agree to cancel the original bill and draw a new bill for the amount due with interest thereon. This is referred to as renewal of a bill of exchange.

An acceptor may make the payment of a bill before its due date and discharge his liability, it is called retirement of a bill. Usually the holder of the bill allows a concession called rebate to the drawee for the unexpired period of the bill.

The entries in the Purchase Return Book are usually made on the basis of debit note issued to the supplier. If there is any damage mentioned in debit note, can accept, if not, they can refuse to accept.