Interested to Buy Any Domain ? << Click Here >> for more details...
Distinguish between trade bill and Accommodation bill
- 3 Answers
- 10380 Views
- DELL, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rakhi
distinguish between trede bill and accommodation bill
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / md. hasan al faruk
Following is the distinction between trade and
accommodation bill:
Trade Bill:
There are drawn for trade purposes.
These are drawn against proper consideration.
These bills are proof of debt.
For obtaining the debt from drawee, drawee can resort to
legal action.
Accommodation Bill:
These are drawn and accepted for financial assistance.
These are drawn in the absence of any consideration.
These bills are not a proof of debt.
Legal action cannot be resorted the recovery of amount
against these bills by the immediate parties.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ratish
trade bill means it is related to business were as accommodation means related to personal life
| Is This Answer Correct ? | 0 Yes | 4 No |
PAN stands for Permanent Account No A 11 digit PAN have some significance. i.e If a Pan starts from A then A stands for something. Can anybody tell me what the charaters in the PAN whether number or alphabet signify?
what is journal entry for Bad debts recovered
why is interest on capital an expense....??
Does the Commission have a policy on the holding of reserves?
What is Financial planning?
Please explain a Representative Personal Account.
Expand ------HH
EXPAND___________NHAI
EXPAND_________VIT
expand S E B I
How much is the need for journals in accounting?
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
Audit 
