Bills of exchangeForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Bills of exchangeThis topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts April 21, 2021 at 10:04 pm #618464 ilham9089ParticipantTopics: 301Replies: 190☆☆☆Sir what is the difference between advances against collections and discounting bills of exchange? April 22, 2021 at 7:45 am #618490 John MoffatKeymasterTopics: 57Replies: 54702☆☆☆☆☆The end result is the same, but depending on the nature of the agreement there can be problems with advances on collections if any of the debts turn out to be irrecoverable. April 22, 2021 at 4:44 pm #618534 ilham9089ParticipantTopics: 301Replies: 190☆☆☆Oh ok but in bills of exchange the bad debts are usually insured against? April 23, 2021 at 7:20 am #618563 John MoffatKeymasterTopics: 57Replies: 54702☆☆☆☆☆A bill of exchange would be guaranteed by the bank and it would be up to the bank whether or not they insured against it.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In