what is the process of making bill of exchange? step by step pls explain
Replies (3)
Quick Summary
This discussion explains the process of creating a bill of exchange. It highlights that bills of exchange are governed by the Negotiable Instruments Act and have specific 'days of grace'. The process involves maturing the bill within the stated timeframe and notes its potential for discounting.
Process of bill of exchange is required by individuals in finance: 1.It is governed by negotiable instrument act. 2. it has some days of grace. 3. It is matured within the days mentioned in the bill of exchange. 4. It can be discounted.
Leave a Reply
Your are not logged in . Please login to post replies