Accountancy, asked by haruneaira38, 1 year ago

what are the objectives of the bill of exchange? ​

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Answered by jasmine2522
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Answered by Anonymous
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Bill of exchange is a note in written contains an unconditional order sign by the maker to a certain person to pay a certain sum of money only to the order of the bearer of the instrument.

↪️Objectives Of Bill Of Exchange -:

➡️Easy to recover the amount.

➡️ Convenient mean of trade remittance.

➡️ Valid evidence of debt.

➡️ Purchase and sale of goods on credit.

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