Accountancy, asked by kgurnoor9484, 1 year ago

Bill of exchange Need&Importance

Answers

Answered by HRSRaj
2





The drawer of a promissory note is a direct debtor obliged by his sign to pay at the maturity. This is not the case of a bill of exchange (draft). ... Substance of a bill of exchange is in payment order of a drawer to a drawee to pay certain financial sum to a payee.
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