Inland Bill Meaning

Inland bill is the term used in the context of credit sales transaction, it refers to that bill which is drawn and made payable in India or it may be drawn on person who is a resident of India even if it is payable in a foreign country. For example if A draws bill on B (A and B both being resident of Indian origin) and B present that bill to Indian bank located in some foreign country then also it will be treated as inland bill. Some examples of inland bill are bill of exchange, cheque etc…

0 comments… add one

Leave a Comment


Related pages


implicit and explicit costadvantages of decentralized organizationwhat is full form of cfamonopoly oligopolyloans advantages and disadvantagesdifference between inferior and normal goodswhat is fifo method in accountinginferior and normal goodsexchange rate quotationa horizontal mergerbalance sheet investopediadefinition consignoradvantages of lifo methodcertificates of deposits in indiadisadvantages of mergerface value of bhel shareloan advantages and disadvantagesexamples of direct and indirect quotesadvantages and disadvantages of online bankingdurable and nondurable productscrossed chequescentrally planned economy definitionadvantages of a decentralised structureaccrued income meaningperfect competition advantageswhat are the strengths and weaknesses of capitalisminelastic itemslocal bill discountingcapital account convertibility in indiaintraday tradeslaw of diminishing returns examplebenefits of monopoliesgaap full formconglomerate diversificationwhat is law of diminishing returns in economicsmarket skimming pricing examplewhat is privatisation in economicsexamples of inferior goodsfullform of micrrepo full formmerits of privatizationwhat is materiality principle in accountingdrawer drawee payee definitionsubvention definitionjournal entry for deferred revenuedifference between equity shares and debenturesdisadvantages of functional organizational structureadvantages of specialisation economicsdisadvantages of privatisationpros of autocratic leadershipfmcg companies full formmarginal costing in cost accountingcredit sales accounting entrydividend investopediaindirect quotationswhat does ebit mean in financediff between cash flow and fund flowgold bullion standard definitionadvantages of lifo methodjournal entry of bad debtsexplain autocratic leadershipwhat is the meaning of escrow accountadvantages of debentureswhat is asba in bankingrent revenue journal entryfifo disadvantagesdefine conglomerate mergermateriality concept accountingfluctuation in hindimarketing skimming strategyhow to calculate cash reserve ratioexplain privatizationnondurable consumer goodsadvantages and disadvantages of publicity in marketingdefine conglomerate in economics