Business Studies, asked by preciousimam2745, 3 months ago

difference between promissory note vs Bill of exchange vs cheque​


meenakumari666666: who are you

Answers

Answered by meenakumari666666
1

Answer:

The significant difference between them is that a bill of exchange is a written order drafted by the drawer on the drawee to receive the mentioned sum within the specified period. Whereas, a promissory note is a written promise made by the borrower or drawer to repay the amount on a specific date or order of the payee.


preciousimam2745: and cheque? plz write it on a page draw line and differentiate between those
preciousimam2745: send me pictures
preciousimam2745: of page
Answered by shivdharmendragautam
0

Explanation:

A bill of exchange is an unconditional written order made by the drawer on drawee to receive the specified sum within the mentioned period. Whereas, a promissory note is a written promise made by the borrower or drawer to repay the amount on a specific date or order of the payee.


preciousimam2745: and where is cheque?
preciousimam2745: difference
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