anand shanker dutta


{ City } hyderabad
< Country > india
* Profession * financial consultant
User No # 44558
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Question { 6651 }

what is the bill of exchange


Answer

Bills of exchange is also known as a promissory note.

Business transactions are carried either on cash or credit.
If the buyer of the goods ia unable to pay the amount
immediately, the seller may demand written undertaking from
the buyer to pay the amount after a specific period.

Is This Answer Correct ?    5 Yes 0 No

Question { 6939 }

what is ledger


Answer

ledger is nothing but posting of journal entries according to each and every entry by creating seperate accounts for every transactions.

Is This Answer Correct ?    1 Yes 1 No