A Demand Draft Is

question 39

Multiple Choice

A demand draft is

• A)a bill of exchange that is payable within a stipulated period,after presentation.
• B)a bill of exchange on which the expression demand draft is written.
• C)a bill of exchange that is payable within a stipulated period,after the date stated on the instrument.
• D)a bill of exchange that is payable immediately upon presentation without any days of grace.
• E)a bill of exchange that is payable at sight.

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Definitions:

Cost of Goods Sold

This refers to the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are integral to its production.

Machine Lubrication

The process of applying lubricants to machinery to reduce friction, prevent wear, and extend the life of the equipment.

Tires

Tires are rubber-based, circular components that fit around wheels to provide vehicles with traction, support, and a smooth ride over various surfaces.