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If the due date is a public holiday, what will be the due date of the bill:
- a)Following day
- b)Preceding day
- c)The same day only
- d)One month later
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
If the due date is a public holiday, what will be the due date of the ...
When the due date of a bill falls on a public holiday, the bill's due date will be the preceding day.
Reasoning:
Public holidays are non-working days, and most businesses and institutions are closed on these days. Therefore, if a bill is due on a public holiday, it cannot be paid or processed on that day. The due date needs to be adjusted to a working day so that the bill can be paid on time.
Detailed Explanation:
Here is a step-by-step breakdown of why the answer is option B - Preceding day:
- Public holidays are designated days on which businesses and institutions are closed.
- If a bill is due on a public holiday, it cannot be paid or processed on that day.
- Therefore, the due date needs to be adjusted to a working day.
- The adjusted due date will be the preceding day, which is the last working day before the public holiday.
Example:
Let's say a bill is due on December 25th, which is Christmas Day, a public holiday. The adjusted due date would be December 24th, the preceding day, which is a working day.
Conclusion:
When the due date of a bill falls on a public holiday, the bill's due date will be the preceding day. This adjustment ensures that the bill can be paid on a working day when businesses and institutions are open.
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If the due date is a public holiday, what will be the due date of the bill:a)Following dayb)Preceding dayc)The same day onlyd)One month laterCorrect answer is option 'B'. Can you explain this answer?
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