Accountancy, asked by sushanth5468, 1 year ago

opinion about bills of exchange

Answers

Answered by soniahaider

the Bill of Exchange. ... In addition, a draft is commonly used in the U.S. while a bill of exchange is primarily used outside the U.S. A negotiable instrument is a signed writing, containing an unconditional promise or order to pay a fixed sum of money, to order or bearer, on demand at a definite time.

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Answered by raazsinha52gmailcom

is a instrument use instead of cash transactions

sushanth5468: thank u but I need it to write for project, so I need it in a para or in 5-6 lines

raazsinha52gmailcom: the persone who draws is called as drawer for the bill of exchange and it has written order to pay a sum of money to a particular person on a particular date on the person is drawee also said to be payee

sushanth5468: thanks☺

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