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Making payment of a bill before the due date of maturity is known as ______. - Book Keeping and Accountancy

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Question

Making payment of a bill before the due date of maturity is known as ______.

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Solution

Making payment of a bill before the due date of maturity is known as Retirement of Bill.

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Chapter 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [Page 302]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q E. 1) | Page 302
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