Question

calculate due date of bill 1st January 2018 for 3 month​

Answer 1

Answer:

1st January 2018 = 4th April 2018

Explanation :

For calculating due date,

there are some notes while Calculating due date

First, note the time period for bill drawn here that is 3 months ( April ) and

Note the 3 days of grace. ( April 4th )

So, the due date becomes April 4th 2018.

Date of Maturity :

Maturity date or due date of a bill of exchange is the date on which a bill of exchange become payable. While Calculating the date of Maturity, 3 extra days called Grace days are added to the period of the bill.

If the due date falls on a public holiday the bill will be payable on the Preceeding Working day. If it is declared holiday it is to be paid on the next working day.