Wats the diff between BILL Discounting & Bill Purchasing?
1 Replies
ViveK
(.)
(312 Points)
Replied 01 October 2010
both of these terms are same they can be used interchangeably
but to be specific bill discounting is done when the time is specified i.e the date is given (todays value of money to be received later)
and in purchase no date is specified it may be payable on demand
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