Interested to Buy Any Domain ? << Click Here >> for more details...
What is a Bill of Exchange? Why is it used?
- 20 Answers
- 119328 Views
- Adhunik, I also Faced
- E-Mail Answers
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
Explain manual primary cost planning? : co- cost center accounting
What is a plan version? : co- cost center accounting
In sap fico what are the terms of payment and where are they stored?
For a company code how many currencies can be configured?
while making DO in SAP system allowes passing an entry more than the credit limit set in the system configuration Please help me
What is splitting? Explain the splitting structure? : co- cost center accounting
How many chart of accounts can be attached to a company code?
what is delta posting red foreign exchange.
Hi, Can anybody will assist me on describing the benefit of CO-PA. Is this can be used for budgetory control? What are the best tool for controlling online Budget in SAP? kesdec21@gmail.com
Will pricing be changed for mysap business suite on linux?
What is archiving? How does it differ from deletion? : fi- general ledger accounting
What is the maximum number of posting periods in sap?
In period 1 there is a wip posted of 22000 usd in period 2 some further goods issue are done to the extent of 15000 usd. How will system calculate wip for period 2?
How do you keep the fi posting period open only for certain gl codes?
Explain derived depreciation? : fi- asset accounting
