Accountancy, asked by joshi007, 1 year ago

Aims and objectives of treatment of bills of exchange

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Answered by ankan7dav

The objectives of a Bill of Exchange are to: *Grant the credit for trade lawfully by making payments on prospective agreed dates. *Provide the seller with finance by transferring their debts to a bank. *Allow the financier to have a legal claim on both the buyer and seller.

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