Method and methodology in bill of exchange
Answers
A bill of exchange is also called a draft which is a payment instrument in case of international trade.
It is a type of short-term financial instrument that is negotiable.
It is in the form of a written account by the seller handed over to the buyer ,where the buyer is supposed to pay the respective amount either on demand or on a future date to the seller or a person specified by the seller.
"A bill of exchange is additionally called a draft which is an installment instrument if there should arise an occurrence of universal exchange.
It is a sort of transient money related instrument that is debatable.
It is as a composed record by the dealer gave over to the purchaser, where the purchaser should pay the particular sum either on interest or on a future date to the merchant or an individual determined by the vender. "