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Question
Bank account is debited when a bill is sent to the bank for collection.
Solution
False
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Necessity of Bill of Exchange (Only Trade Bill)
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RELATED QUESTIONS
Answer the following question in one sentence only.
What is inland bill exchange?
Answer the following question in one sentence only.
What is foreign bill of exchange?
Give word / term or phrase for the following statement.
A bill of exchange drawn and accepted for a value received.
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The bill which is drawn in one country and payable in other country.
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The inland bill which is drawn in and payable in the same country.
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A bill which is drawn in India and payable in other country.
