Friday 23 January 2015

difference between inland and foreign bills of exchange

INLAND BILLS OF EXCHANGE FOREIGN BILLS OF EXCHANGE
Only one copy is prepared Three copies are prepared
Stamps are affixed only once Stamps are affixed two times of the time of acceptence and at time of making payments
Written in common and local language of the country Written in English OR in the language ofthe country of the drawer
It is noted after dishonour Its is noted and protested after dishonour
Its is written on judicial stamp paper Its is written on palin paper

1 comment:

  1. Main difference between journal and ledger in accounting is that, Journal is a subsidiary book of account and Ledger is the permanent and final book of accounts.

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