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Answer in one sentence. What do you mean by discounting a bill of exchange? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence.

What do you mean by discounting a bill of exchange?

एका वाक्यात उत्तर
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उत्तर

Encashment of a bill of exchange with the bank for certain cash which is less than the face value of the bill, before its due date by its drawer or holder is called Discounting of a Bill of Exchange.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 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
पाठ 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q F. 3) | पृष्ठ ३०३
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