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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 21

Rs. 3,000 were paid by Mohan immediately and for the balance he accepted

Chapter 8: Bill of Exchange · ACCOUNTANCY

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oods can be sold or bought for cash or on→credit. When goods are sold or bought for→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→

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