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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if New plant is arrived what are the pre checks we will perform from Controlling end?

1159


What is in the general ledger?

609


What is document type, and what does it control? Give an example.

643


Explain reversal of documents in sap? : fi- general ledger

619


What do you understand by cost center, profit center in controlling? : cost center accounting

601






What is sap r/1, r/2, r/3 ? Or difference between r/1,r/2,r/3 ?

831


What are the options available while performing revaluation in an actual costing run?

599


What is summarization in co? : co- cost center accounting

568


Which databases are supported for mysap business suite on linux?

564


Hi Gurus, Kindly give few practical examples in GAP analysis where we cannot map into SAP from legacy system.

1537


What is the legacy system migration workbench (lsmw) and when would you use it in your sap fi/co rollout?

602


What is an exchange rate type? List some of them?

634


1. I want to create an installment method payment term whereby my customer pays 50% as Advance Payment & 50% Net 45 days. How to configure the 50% advance payment term in OBB8 as system does not take negative days say -1 . I have created Z100 as 50% Advance Payment & 50% Net 45 days, Z101 as 50% Adv Pyt and Z102 as 50% Net 45 days in OBB8 and then assigned the same in OBB9 to Z100, 1, 50%, Z101 and Z100, 2, 50%, Z102. But the payment terms Z101 should be having -1 days instead of 0 days. How to configure this or achieve the payment term of advance payment? 2. My purpose is that during FB70, I should get a warning message that advance payment has not yet been received for this customer having this installment payment term Z100. It should not let me post the invoice unless 50% adv pyt has been received. At present we are not using Down Payment functionality. But I assume that without the Down Payment functionality the same cannot be achieved. Please confirm this. How can I achieve the above requirements? 3.Dear Group - Our Purchasing Dept has asked me to create a new payment term with the following terms: "Payable 90% upon delivery, 60 days net, 10% upon acceptance, 60 days net". So when we receive the invoice, we get a 10% discount off the total price, due within 60 days. The balance is due 60 days after that. Any ideas on how I would configure this using transaction OBB8. IT IS VERY URGENT FOR ME KINDLY SEND ME THE ANSWER ON MY E.ID-sahu.suryakanta@hotmail.com.

4690


Is it possible to use standard sap co-product functionality in repetitive manufacturing?

623


What are the customizing prerequisites for document clearing?

800