What is Bill of Exchange.

Answer Posted / bhaskar

A non-interest-bearing written order used primarily in
international trade that binds one party to pay a fixed sum
of money to another party at a predetermined future date.

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1447


How do you prepare mis reports?

719


what is the difference between accounting and bookkeeping?

673


How to post salary advance transfer from one branch to another branch ?

1071


What is meant by turnover?

696






What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

738


we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

2826


Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax

2431


Tell me what do we mean by purchase return in accounting?

651


what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?

2867


Do you know partitioning in accounting?

710


Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?

3379


under which accounting rule prepaid salary?

1849


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.

1697


WHAT IS OPERATING CYCLE?

2419