Accountancy, asked by parinita1559, 7 months ago

interest on renewals takes place in which side of self balancing system​

Answers

Answered by Anonymous
1
A Bills of Exchange is an instrument in writing, containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, all the order of the certain person or to the bearer of the instrument. Let us see about the renewal of bills of exchange.

When a person sells some good to a party, then he /she wants to take some written assurance that payment will be received within a specified period. Various type of negotiable instrument admit for this purpose, but the most commonly used instruments are bills of exchange.



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