Question

the bills which the banker recievers from customers only for collection purpose is called ​

Answer 1

Answer:

Primarily that of a debtor and a creditor

Answer 2

Bills which the baker receives from the customer only for collection purpose is called bills for collection.

Bills of exchange is an instrument which contains some rules which the drawee has to fulfill and it is signed by the drawer who is the maker of the bills.

Bills of exchange is a written document and tells that how much amount drawee has to pay and when.

Drawer can give this bill to any other person or bank .

When this bill is given to bank, in that case on the due date bank ask for the payment on the behalf of drawer and credit that amount in his bank account.