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Answer the Following Question in One Sentence Only. What is Bill of Exchange?

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Question

Answer the following question in one sentence only.
What is bill of exchange?

One Line Answer
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Solution

A bill of exchange is an instrument in writing containing an unconditional order signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.

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Chapter 9: Bill of Exchange (Trade Bill) - Exercise 1 [Page 316]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 9 Bill of Exchange (Trade Bill)
Exercise 1 | Q 1 | Page 316
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