Question

A bill dated 12th July 2010 is payable one month after date. state the maturity date of the bill​

Answer 1

Maturity date of the bill=Due date+3Days grace

As the bill is payable one month after the date,

Due date of the bill=12th August 2010

Maturity date of the bill=12th August 2010+3Days of grace

Thus the maturity date of the bill is 15th August 2010

15th August 2010 is a public holiday(Independence Day)

So the maturity date of the bill is the previous date that is 14th August 2010...