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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 at sight?
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Answer

The acceptor of the bill is required to pay the amount of the bill immediately wheneverthe person holding the bill demands the payment. Such a bill is known as a bill at sight.

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