Question

Q17. Anand had the following bills receivable and bills payable against Kapoor.
Bills Receivable
Bills Payable
Date
Amount
Tenure
Date Amount Tenure
(Rs.) (in months) (Rs.) (in months)
01.5.2000 4,000
4 10.5.2000
2,000
2
31.5.2000
800
3 29.5.2000
6,000
4
12.6.2000 3,000
2 30.5.2000
1,600
3
15.6.2000 5,200
3 06.6.2000
2,400
2
07.7.2000 2,000
2 17.6.2000
3,000
3
10.7.2000 5,000
1 30.6.2000
1,000
1
Calculate the average due date when the payment can be made or received without any loss of
interest to either party.
Note: Gazetted holidays during the period are 15th August, 2000 and 2nd October, 2000.​

Answer 1

Answer:

Manoj had the following bills receivables and bills payable against Sohan. Calculate the average due date, when the payment can be received or made without any loss of interest. 15 August, 2012 was a Public holiday. However, 6 September, 2012 was also declared as sudden holiday.

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