Interested to Buy Any Domain ? << Click Here >> for more details...
What is a Bill of Exchange? Why is it used?
- 20 Answers
- 119320 Views
- Adhunik, I also Faced
- E-Mail Answers
Answer Posted / venkatanarayana
hi frds i want to give some more additional information to
the answer 1 given by sridhar.
Mr sridhar explained abt BOE. But why we need to go for
bills of exchange?
Generally we will go for bills of exchange for getting loan
from bank. it is also one form of getting loan from the
bank. we will keep bills with the bank and we will get loan
from the bank. the loan value(varies from 80-95% of bills
amount) depends on various things like maturity date, risk,
interest etc. Bank will recover the amt against the customer
payments.
Bank will charge some thing for bills of exchange, so banks
get benefit from it and company will get liquidity so
company can able to do more turnover.
thanking you
venkat
+91-9871905974
venkatanarayana.k@rediffmail.com
| Is This Answer Correct ? | 79 Yes | 43 No |
Post New Answer View All Answers
What are the 3 gaps that you must have faced during implementation?
Interested in offering your software to sap customers so they can enhance functionality of their sap servers running linux?
What is a year dependent fiscal year variant ?
when i post a billing document for free goods how can i exclude for a line item (cost element type 1),not to create a profitability segment but only a cost center thanks in advance
Where are payment terms for vendor master maintained?
please send to me product costing fags. my email id abburi.bhaskar@gmail.com
What is a request for quotation (rfq)? : fi- accounts payable
What is a bank director in sap? : fi- accounts receivable
What is a group currency?
Explain the fiscal year dependent of the particular year in the sap software?
What is required to be done if activity price is to be shown both fixed and variable?
What is a mixed cost? : co- cost center accounting
Explain complex assets and asset sub numbers? : fi- asset accounting
What is a financial statement version? : fi- general ledger master data
Why financial statements are important for any business?
