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What is bills discounting? - Commerce

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Question

What is bills discounting?

Very Short Answer
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Solution

Bills Discounting is a financial service where a business sells its bills of exchange (unpaid customer invoices) to a bank or financial institution at a discount to get immediate cash.

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Chapter 3: Sources of Financial for a Join stock Company - EXERCISES [Page 79]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 3 Sources of Financial for a Join stock Company
EXERCISES | Q 17. | Page 79
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