Accountancy, asked by ncvjsaamaj9284, 11 months ago

Method and methodology of bill of exchange

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Answered by pankajphulwalkp8ej6t
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What is meant by method and methodology of bill of exchange...???

The bill of exchange originated as a method of settling accounts in international trade. ... Bills could also be drawn directly on the banks themselves. After the seller received his payment, the bill of exchange continued to function as a credit instrument until its maturity, independent of the original transaction.

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