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Answer in one sentence. What is bills payable on demand? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence.

What is bills payable on demand?

एक पंक्ति में उत्तर
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उत्तर

When amount of bill is payable by a drawee on the presentation of a bill, in which time period is not mentioned and grace days are not allowed is known as Bills Payable on Demand.

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अध्याय 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [पृष्ठ ३०३]

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बालभारती Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
अध्याय 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q F. 10) | पृष्ठ ३०३
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