Question

A bill of which payment is to be made on fixed period is after date of bill. (State True or False)

Answer 1

It is true.
Please mark it as brainliest.

Answer 2

Answer:

True

Explanation:

A bill of which payment is to be made on fixed period is after date of bill. - True

A bill of exchange can either be paid immediately, known as a "sight bill" or on a fixed date, known as a "term bill." Before accepting and signing a bill of exchange, it is referred to as a "draft"

Here, the due date is the drawing date plus the bill's conditions. For example, if the bill is drawn on January 1st and its maturity is 30 days after the date its due date is January 1st + 30 days = January 31st.