Question

Where the due date is a Public holiday and the preceding day is a sudden holiday, then the due date falls on which day​

Answer 1

Annswer: Day preceding the sudden holiday  

Explanation: according to ICAI textbook

Answer 2

Answer:

If the proceeding day is a sudden holiday, then the due date will be on the next business day.

Explanation:

The date on which any bill of exchange like draft, cheque, letter of credit is payable is the due date of a bill. In case if the due date falls on public holiday and the proceeding day is the sudden holiday then the due date will be considered on the next business day.

Hence, the correct answer is 'on the next business day.

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