Question

Differentiate between Time bill and Demand bill.​

Answer 1

Explanation:

Bills of exchange can be based on period as demand bills and term bills. Demand bills do not have a fixed date associated with them. They are payable at any time. Term bills of exchange are payable after a certain amount of time or on a fixed date.

Answer 2

Answer:

• Demand bills do not have a fixed date associated with them. They are payable at any time.

• Timebills of exchange are payable after a certain amount of time or on a fixed date.