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प्रश्न
Write a short note on:
Discounting of a bill
टीपा लिहा
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.
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Bills of Exchange
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: Subsidiary Books - 1 - Short answer questions [पृष्ठ १२२]
APPEARS IN
संबंधित प्रश्न
Notary Public is ___________.
State True or False with reason:-
A bill of exchange must be presented to the acceptor on the due date.
Find the odd one:-
When Drawee accepts the bill payable at a particular place only, it is known as _________.
Answer in one sentence.
What are days of grace?
Answer in one sentence.
What is bills payable on demand?
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
The due date of the bill drawn for 2 months on 23rd Nov. 2019 will be ______.
Give one word/phrase/term which can substitute the following statement:-
Conversion of Bill of Exchange into its present value.
A bill of exchange is a ______.
