Accountancy, asked by jashan6217, 4 months ago

When days off grace are not allowed?

Answers

Answered by MuTeGlitZzz

39

Answer:

Days of grace are not allowed when the bill is payable on or at sight

Answered by beautyqueen1137

6

Answer:

3 ᴅᴀʏs ᴏғ ɢʀᴀᴄᴇ ᴀʀᴇ ɴᴏᴛ ᴀʟʟᴏᴡᴇᴅ ᴡʜᴇɴ ʙɪʟʟ ɪs ᴘᴀʏᴀʙʟᴇ ᴏɴ ᴅᴇᴍᴀɴᴅ. ʙɪʟʟ ᴀғᴛᴇʀ ᴅᴀᴛᴇ ɪs ᴛʜᴇ ʙɪʟʟ ɪɴ ᴡʜɪᴄʜ ᴅᴜᴇ ᴅᴀᴛᴇ ᴀɴᴅ ᴅᴀᴛᴇ ᴏғ ᴍᴀᴛᴜʀɪᴛʏ ɪs ᴀsᴄᴇʀᴛᴀɪɴᴇᴅ ғʀᴏᴍ ᴛʜᴇ ᴅᴀᴛᴇ ᴏɴ ᴡʜɪᴄʜ ᴛʜᴇ ʙɪʟʟ ɪs ᴅʀᴀᴡɴ. 3ᴅᴀʏs ᴏғ ɢʀᴀᴄᴇ ᴀʀᴇ ᴀʟʟᴏᴡᴇᴅ ғᴏʀ ᴀsᴄᴇʀᴛᴀɪɴɪɴɢ ᴛʜᴇ ᴅᴀᴛᴇ ᴏғ ᴍᴀᴛᴜʀɪᴛʏ ɪɴ ᴄᴀsᴇ ᴏғ ʙɪʟʟ ᴀғᴛᴇʀ ᴅᴀᴛᴇ.

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