Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is a Bill of Exchange? Why is it used?

Answer Posted / nicholas

A bill of exchange is a document that is sometimes used in
home trade, but it is most commonly used in foreign trade.
it is particularly used in the settlement of international
debts. the bill of exchange is made out by the
seller/exporter (the creditor) of goods requiring that the
buyer/importer (the debtor) pays a sum of money on demand,
or on n agreed future date (usually after three months).
both the buyer and the seller benefit from the use of bill
of exchange. the buyer obtains credit on the transaction,
and the seller benefits because instead of waiting for
payment he can either sell the bill at a 'discount',
'negotiate' it by using it to pay off his own debts, or use
it as collateral against a bank loan.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How do you go about configuring material ledger?

1043


Why do we use sap fi?

1092


could you plz help me understanding or give an example about the accounting treatment "journal entry" in MM business cycle at the following : 1- When goods receipt 2- when MODVAT are Captured 3- Invoice varification 4- vendor payment and please how i could revers an entry when material is rejected thanks

2175


What is a field status group?

1063


What is a group currency?

1047


What are the fundamental components of dialog program?

977


How do you maintain currency in sap?

1053


What are terms of payments and where are they stored?

986


What is parallel and local currency in sap?

1118


what happens, in sap, when you post a goods receipt? : fi- accounts payable

1050


1.How to get the list of deleted vendor master records/vendor a/c's and can we reuse the same account numbers (delted account number) for creating another new vendor master record?

2003


What is a year dependent fiscal year variant ?

1123


What is an asset master? : fi- asset accounting

991


Explain fi-mm integration? : fi- accounts payable

1243


Explain about asset master?

1079