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On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:
- a)24.3.05
- b)22.3.05
- c)26.3.05
- d)21.3.05
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21...
Calculation of Due Date for a Bill:
To calculate the due date of a bill, we need to consider the date of acceptance and the number of days after sight mentioned in the bill. Let's break down the calculation step by step:
Step 1: Determine the date of acceptance.
In this case, the bill was accepted on 21.2.05.
Step 2: Calculate the number of days after sight.
The bill is drawn for 30 days after sight.
Step 3: Add the number of days after sight to the date of acceptance.
In this case, the date of acceptance is 21.2.05 and the number of days after sight is 30.
Step 4: Calculate the due date.
To calculate the due date, we add the number of days after sight to the date of acceptance. Therefore, the due date will be 30 days after 21.2.05.
Explanation of the Correct Answer:
The correct answer is option 'C' - 26.3.05.
To calculate the due date, we add 30 days to the date of acceptance (21.2.05).
21st February + 30 days = 23rd March
However, we need to consider the 'days after sight' in the bill. The bill is drawn for 30 days after sight. Therefore, we need to add an additional 3 days after the calculated date.
23rd March + 3 days = 26th March
Hence, the correct due date for the bill is 26.3.05.
In Summary:
The due date of the bill is calculated by adding the number of days after sight to the date of acceptance. In this case, the bill was accepted on 21.2.05 and is drawn for 30 days after sight. Therefore, the due date is 26.3.05.
To calculate the due date of a bill, we need to consider the date of acceptance and the number of days after sight mentioned in the bill. Let's break down the calculation step by step:
Step 1: Determine the date of acceptance.
In this case, the bill was accepted on 21.2.05.
Step 2: Calculate the number of days after sight.
The bill is drawn for 30 days after sight.
Step 3: Add the number of days after sight to the date of acceptance.
In this case, the date of acceptance is 21.2.05 and the number of days after sight is 30.
Step 4: Calculate the due date.
To calculate the due date, we add the number of days after sight to the date of acceptance. Therefore, the due date will be 30 days after 21.2.05.
Explanation of the Correct Answer:
The correct answer is option 'C' - 26.3.05.
To calculate the due date, we add 30 days to the date of acceptance (21.2.05).
21st February + 30 days = 23rd March
However, we need to consider the 'days after sight' in the bill. The bill is drawn for 30 days after sight. Therefore, we need to add an additional 3 days after the calculated date.
23rd March + 3 days = 26th March
Hence, the correct due date for the bill is 26.3.05.
In Summary:
The due date of the bill is calculated by adding the number of days after sight to the date of acceptance. In this case, the bill was accepted on 21.2.05 and is drawn for 30 days after sight. Therefore, the due date is 26.3.05.
Community Answer
On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21...
Correct answer is a not c because due date is 24.3.05
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On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer?
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On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer?.
On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer?.
Solutions for On 18.2.05 A draw a bill on B for Rs 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight. The due date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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