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P2 C4 Bills of Exchange — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C4 Bills of Exchange1 Mark
Question
What is bill after dated?
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Answer

The acceptor of the bill is required t pay the amount of the bill after a definite o stipulated period. Since a definite period is allowed for the payment of the amount of the bill, It i known as a bill after dated.

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