What is a Bill of Exchange? Why is it used?
Answer Posted / srikanth
Bill of exchange is an unconditonal order signed by the
maker to pay cetain sum of money only to the ordered or
bearer person.
it is a chance given by the saler to the purchaser to pay
money in the future date.it also helps the saler to get
discount by the bank and easy money.
Is This Answer Correct ? | 29 Yes | 9 No |
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