Question

explain the maturity date of bills of exchange​

Answer 1

$\huge \sf \bf \pink{Answer }$

Thus, maturity of bill is the date when the payment of bill becomes due and is calculated by adding Date of drawing + Tenure + 3 Days Grace Period.

$\quad \quad \: \quad \: \quad \: OR$

The term maturity refers the date on which a bill of exchange or a promissory note becomes due for payment. In arriving at the maturity date three days, known as days of grace, must be added to the date on which the period of credit expires instrument is payable.

Hope it's helps you ☺️ ❤️

Answer 2

Answer:

the maturity of a bill is a date when the payment of the bill becomes the due and is calculated by adding date of drawing ,tenure and 3 days grace period

hope it helps you like brilliant guy