English

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

Advertisements
Advertisements

Question

Answer in one sentence.

What is bills payable on demand?

One Line Answer
Advertisements

Solution

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.

shaalaa.com
  Is there an error in this question or solution?
Chapter 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [Page 303]

APPEARS IN

Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q F. 10) | Page 303
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×