bills of exchange
- 6 Answers
- 9034 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sameera gujral
bill of exchange
Definition
An unconditional order issued by a person or business which
directs the recipient to pay a fixed sum of money to a third
party at a future date. The future date may be either fixed
or negotiable. A bill of exchange must be in writing and
signed and dated. also called draft.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / moorthy_kani
A buyer can purchase goods for debit. that buyer is a debtor
of that receiver,while purchasing the goods bill will make
that bill copy send to buyer that transaction is called
bills of exchange.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ravichandra
an instrument in writing congaing unconditional under taking
singed by the maker to pay certain some of money only are to
the buyer of instrument
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / g.sivakumar
in some cases we are made credit sale or purchases on that
we are made one agreement to repay the money on credit that
agreement contain some time period that agreement may
exchange or epaire on repayment of the agreemented money
that is called as bills of exchage.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / guest
it is an financial instrument where
drwer will make an order on written format
and the drawee will accept such bill with unconditional
payment made on certain date whome ever pocess such bill
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj
bill of exchange
Definition
An unconditional order issued by a person or business which
directs the recipient to pay a fixed sum of money to a third
party at a future date. The future date may be either fixed
or negotiable. A bill of exchange must be in writing and
signed and dated. also called draft.
| Is This Answer Correct ? | 0 Yes | 0 No |
Can i put opening stock in new company during closing time
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
when & how interest on unsecured loan is calculated?
what is Credit?
What is Journal Entry for Booking & paid Telephone Expenses.
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
Define public accounting?
In which account does the unpresented cheque will get recorded?
WCT DEFINATION
What is creative accounting?
What is a business transaction in accounting?
what is liability
Audit 
