. Rowe's bookkeeping and accountancy : complete text, presenting the art of bookkeeping in accordance with the principles of modern accountancy . ^ ^ Cfau^^y:^^ec^(^^/e^^^€^^?^^;y^l■_ i^y/r-r^^i^y^y^ l^;;^^^?^^^?^^^^/^//:^^^^:?^ I WtUt Current rate o/Ezt^ange on AcM^yori:.. St-cretary- ^Irrasurer 571e. This draft differs from the preceding draft in being drawn after dateinstead of after sight; consequently, after acceptance, it becomes due and pay-able thirty days after March 15, or April 14, irrespective of the date on which itwas accepted. 572. Drafts are of two kinds as to time of paym
. Rowe's bookkeeping and accountancy : complete text, presenting the art of bookkeeping in accordance with the principles of modern accountancy . ^ ^ Cfau^^y:^^ec^(^^/e^^^€^^?^^;y^l■_ i^y/r-r^^i^y^y^ l^;;^^^?^^^?^^^^/^//:^^^^:?^ I WtUt Current rate o/Ezt^ange on AcM^yori:.. St-cretary- ^Irrasurer 571e. This draft differs from the preceding draft in being drawn after dateinstead of after sight; consequently, after acceptance, it becomes due and pay-able thirty days after March 15, or April 14, irrespective of the date on which itwas accepted. 572. Drafts are of two kinds as to time of payment, as shown in the precedingillustrations. Those payable at sight are known as sight drafts and are usuallypayable on presentation. Those payable after sight or after date are known astime drafts. After a time draft has been accepted, it is known as an acceptance. BUSINESS PAfEfiS 179 573. Accepting a draft is agreeing to pay it when it is due by writing the wordAccepted across the face, followed by the date and the name of the drawee, whothus becomes the acceptor, and the draft is known thereafter as an acceptance,as stated in the preceding paragraph. 574. The date of maturity is the date on which the note or draft falls due. Whenthe, time is indicated in days, the ex
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectbookkeeping, bookyear
