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प्रश्न
Write a short note on:
Discounting of a bill
उत्तर
Discounting of a bill:
- When the holder of a bill is in need of money before the due date of a bill, cash can be received by discounting the bill with the banker.
- This process is referred to as the discounting of bills.
- The banker deducts a small amount of the bill which is called a discount and pays the balance in cash immediately to the holder of the bill.
APPEARS IN
संबंधित प्रश्न
Give one word/phrase/term which can substitute each of the following statement:-
Amount which is not recoverable from Drawee on account of insolvency.
A bill whose due date is calculated from the date of acceptance is known a ___________.
Recording the fact of dishonour of Bill is known as ___________.
Answer in one sentence.
What do you mean by discounting a bill of exchange?
Define bill of exchange.
Write a short note on:
Endorsement of a bill
Find the odd one.
A bill of exchange is a ______.
Write the word/phrase/term which can substitute each of the following statements:
A person in whose favour a bill is endorsed.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
