What is Bill of Exchange.

Answer Posted / aishwarya.p

An unconditional order issued by a person or by a business
with the receipt to pay a fixed sum of money to the third
party to a future date. The future date may be fixed or
negotiate.

Is This Answer Correct ?    8 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored

538


how to individual capital account.

1837


In South Africa, the value added tax is administered by?

1228


what is the meaning of banking

1662


how to calculate basic to gross salary

1519






Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1444


How do you build a successful business relationship?

641


What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?

2167


WHAT IS OPERATING CYCLE?

2342


Define tally accounting

602


what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement

1714


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

943


What are the accounting entries for branch accounts?

617


Mention why some asset accounts have a credit balance?

634


As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?

1473