Q. 2 Prepare a bill of exchange from the following information.
Drawer : Dinesh, ABC Road, Andheri (West)
Drawee : Mahesh, MG Road, Mulund Payee : Rajesh Thane West.
Amount : Rs. 10,000/-
Period of Bill : 4 months after sight
Date of bill : 26th November 2020
Date of acceptance : 29th November 2020
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Answer:
A Bill of Exchange is drawn on 1 March 2017 . Term of the Bill was 4 months . The due date of the Bill will be________ ?
Explanation :
Due date of Bill will be:
Date of drawing the Bill + Tenure of the Bill + Grace period
1 March 2017 + 4 months + 3 Days
04 July 2017
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