Discounting of Bill & Exchange Basic Explained !!!!!💰💰💰 | Accounting Basics | CA Raja Classes

In this video, you will learn about What is discounting bills are?
Let's say A is selling goods to B, the worth of goods say something like 10 million. B is not in a position to make the payment immediately, so A is drawing a bill of exchange & B is accepting it. Now the problem is A does not have sufficient money, so A will approach his bank.
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Basics of Accounting
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