CA Foundation Exam > CA Foundation Questions > On 15.8.05 X draws a bill on Y for 3 months f...
Start Learning for Free
On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:
- a)17th Nov
- b)18th Nov
- c)19th Nov
- d)15th Nov
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov w...
Bill of Exchange
A bill of exchange is a written order signed by the drawer (X) directing the drawee (Y) to pay a certain amount of money on a specified future date to the payee or order.
Given Information
X draws a bill on Y for 3 months for Rs. 20,000 on 15.8.05.
Calculation
- The due date of the bill will be calculated by adding 3 months to the date of the bill, i.e., 15th August 2005. So, the due date will be 15th November 2005.
- However, 18th November was a sudden holiday. Therefore, the due date of the bill will be postponed to the next working day after the holiday, i.e., 19th November 2005.
Answer
Hence, the correct answer is option C) 19th November.
A bill of exchange is a written order signed by the drawer (X) directing the drawee (Y) to pay a certain amount of money on a specified future date to the payee or order.
Given Information
X draws a bill on Y for 3 months for Rs. 20,000 on 15.8.05.
Calculation
- The due date of the bill will be calculated by adding 3 months to the date of the bill, i.e., 15th August 2005. So, the due date will be 15th November 2005.
- However, 18th November was a sudden holiday. Therefore, the due date of the bill will be postponed to the next working day after the holiday, i.e., 19th November 2005.
Answer
Hence, the correct answer is option C) 19th November.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer?
Question Description
On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect 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 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect 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 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer?.
On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect 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 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect 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 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer?.
Solutions for On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice On 15.8.05 X draws a bill on Y for 3 months for Rs. 20,000. 18th Nov was a sudden holiday, due date of the bill will be:a)17th Novb)18th Novc)19th Novd)15th NovCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup