1
Question
Encashment of bill before due date ________________.
Encashment of bill before due date ________________.
Open in App
Solution
The correct option is B Discounting of bill
When bill is sold to the bank at a discounted rate it is called discounting the bill of exchange.
As cash is received on discounting the bill it is also called encashment.
When bill is sold to the bank at a discounted rate it is called discounting the bill of exchange.
As cash is received on discounting the bill it is also called encashment.
Suggest Corrections
0
Similar questions