After a commercial bill of exchange

After a commercial bill of exchange is issued, it must be accepted. Acceptances by bill acceptor agreed matters stated in thepayment of bills and acts done by written records or signature on the bill. A commercial acceptance bill is a commercial draft accepted by a payer other than a bank. It may be issued and accepted by the payer, or may be issued by the payee and accepted by the payer. Bank acceptance bills are commercial bills accepted by banks. Any legal person that opens an account with a bank and other organizations, in accordance with the purchase and sale contract for commodity transactions and the settlement of debts and debts, can use commercial drafts. A commercial bill of exchange may be used after being presented to the payer at the time of issuance, or it may be used after the bill is issued, and then be presented to the payer to accept the acceptance. The payer shall not accept the acceptance of the commercial draft, and the acceptance of the acceptance shall be deemed to be rejected. The maximum payment period for commercial bills of exchange shall not exceed 6 months. The prompt payment period for commercial bills of exchange is 10 days from the due date of the draft. The commonality of the accounting procedures for commercial acceptance bills and bank acceptance bills is to collect the bills of exchange by entrusted collection, but it should be noted that when the commercial acceptance bills and bank acceptance bills expire, the payer or the acceptance applicant's account has no payment. In the case, the difference in the handling procedures.