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What is Commercial bill?

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What is Commercial bill?

Posted by Sneha Gupta 7 years, 11 months ago

CBSE > Class 12 > Business Studies

2 answers

Pragya Jain 7 years, 11 months ago

Trade bills or accommodation bills are bills drawn by one business firm on another. These are common instruments used in credit purchase and sale. These have short term maturity period generally 90 days and can be discounted with bank even before the maturity period. These are negotiable instruments and can be easily transferred.

Pragya Jain 7 years, 11 months ago

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