Calculate the due dates of the bills of exchange in the following cas
Date of Bill
Period
(A)
30th April, 2010
30 days
(B) 1st December, 2009
60 days 2 March
2 months 3 masch
(C) 28th December, 2007
1 month
(D). 30th January, 2010
Answers
Answer:
A) 30 april for 30 days
duedate = 30 days of may +3days grace = 2june
B) Ist December for 60 days
due date = 3o days of December + 30 days of January +3 days grace = 2 nd February
C) 28 th December for 1month
due date = 28 th January + 3days grace
= 31st January
D)
Answer:
(A) 30th April 2010 - 30 days -
Maturing Date + 3 days as a grace period.
Therefore. The due date will be 1 June 2010
(B) 1st December 2009 - 60 days
Maturing Date + 3 days as a grace period.
Therefore. The due date will be 1st February 2010
(C) 28th December 2007 - 1 month
Maturing Date + 3 days as a grace period.
Therefore. The due date will be 30th January 2008
(D). 30th January 2010 - 2 months
Maturing Date + 3 days as a grace period.
Therefore. The due date will be 3rd April 2010
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