Question

Differentiate between bill after date and bill after sight. ​

Answer 1

Answer:

Bill at Sight – Due date is the date on which a bill is presented for the payment. Bill after Sight –Here, the due date is the date of acceptance plus terms of the bill. For example, if the bill is drawn on 1st March and it is accepted on 5th March. In that case, if the maturity of the bill is 1 month after sight.

Explanation:

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