An accepted time draft is quite similar to:
A)Selling on open account
B)A conditional sale
C)A cheque dated in the future
D)An overdue account

Question

Quizplus · Accepted Answer

An accepted time draft is a type of financial instrument that is similar to a cheque dated in the future. The difference is that the time draft becomes payable to the holder only at a specific future date, whereas a cheque can be payable immediately or at a future date.

An Accepted Time Draft Is Quite Similar To