Accountancy, asked by dbishnupriya74, 11 months ago

bill sent for collection solutions

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Answered by Anonymous

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Answer:

Bill for Collection method of payment means relevant documents are sent by the exporter, through Standard Bank RDC, to the importer. The exporter's bank forwards documents and a collection order to Standard Bank RDC for release to the importer against acceptance of the bill of exchange or immediate payment.

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