Accountancy, asked by riteshg85, 1 month ago

What is a ‘Bill of Exchange’ and explain its features.

Answers

Answered by gowthamshetty08

0

Answer:

A bill of exchange an instrument in writing. It is drawn and signed by the maker i.e. drawer of the bill. It is drawn on a specific person i.e. drawee, to pay the specified amount. Contains an unconditional order to a person i.e. drawee. To make an instrument of value the drawee must accept it.

Explanation:

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Answered by reejakichumoll

1

Answer:

A bill of exchange an instrument in writing. It is drawn and signed by the maker i.e. drawer of the bill. It is drawn on a specific person i.e. drawee, to pay the specified amount. Contains an unconditional order to a person i.e. drawee. To make an instrument of value the drawee must accept it.

Explanation:

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