Generally, the drawer draws a trade acceptance at the time goods are sold.

Name: Generally, the drawer draws a trade acceptance at the time goods are sold.
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Question

​ Generally, the drawer draws a trade acceptance at the time goods are sold.

Quizplus · Accepted Answer

A trade acceptance is a draft or bill of exchange drawn by the seller (drawer) on the purchaser (drawee) at the time goods are sold, indicating the purchaser's agreement to pay the specified amount at a later date.

​ Generally, the Drawer Draws a Trade Acceptance at the Time

Generally, the Drawer Draws a Trade Acceptance at the Time