Question

Advantages of Bills Exchange is/are

• A. Purchase and sale of goods on credit
• B. Discounting facility
• C. Easy to recover the amount
• D. Endorsement

Answer 1

Answer: (A), (B), (C), (D)

The correct options are
A Purchase and sale of goods on credit
B Discounting facility
C Easy to recover the amount
D Endorsement

Advantages of bill exchange are,

$\Rightarrow$ Purchase and sale of goods on credit - The buyer can buy the goods on credit and pay after the period of credit with the help of bill of exchange.

$\Rightarrow$ Discounting facility. - If the Drawer is in need of money, the Bill can be converted into cash, by discounting it with a bank, at a very nominal expense

$\Rightarrow$ Easy to recover the amount.

$\Rightarrow$ Endorsement