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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 1chapter_header

credit. When goods are sold or bought for

Chapter 8: Bill of Exchange · ACCOUNTANCY

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oods can be sold or bought for cash or on→cash, payment is received immediately. On the→other hand, when goods are sold/bought on credit→the payment is deferred to a future date. In such a→situation, normally the firm relies on the party to→

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