Скачать или смотреть Bill Discounted from Bank Class 11 Accounts | Bills of Exchange | Class 11 Accounts

Bill Discounted from Bank is a topic of Class 11 Accounts in the chapter Bills of Exchange.
A bill of exchange can be discounted from bank by the drawer before the maturity of bill.
In this case the bank charges discounting commission or interest or discount charges for the unexpired period of the bill and credits the balance amount in the account of drawer.
The bank will get the amount on maturity on the due date of the bill from the drawee.

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