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On 05-01-16, Mr. A draws a bill on Mr. B for 30 days after sight. The bill was accepted on 08- 01-16. Then the date of maturity of the bill will be ____
  • a)
    08-02-16
  • b)
    09-02-16
  • c)
    10-02-16
  • d)
    11-02-16
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On 05-01-16, Mr. Adrawsa bill on Mr. B for 30 days after sight. The bi...
Start counting from January 9th. January = 31-8 = 23 days. February = Balance 7 days. Initial due date is February 7. Final Due Date is 3 days later ie., February 10th
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Community Answer
On 05-01-16, Mr. Adrawsa bill on Mr. B for 30 days after sight. The bi...
B'coz in case of after sight we will calculate the date of maturity according to the date of acceptance of bill.
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On 05-01-16, Mr. Adrawsa bill on Mr. B for 30 days after sight. The bill was accepted on 08- 01-16. Then the date of maturity of the bill will be ____a)08-02-16b)09-02-16c)10-02-16d)11-02-16Correct answer is option 'C'. Can you explain this answer?
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On 05-01-16, Mr. Adrawsa bill on Mr. B for 30 days after sight. The bill was accepted on 08- 01-16. Then the date of maturity of the bill will be ____a)08-02-16b)09-02-16c)10-02-16d)11-02-16Correct 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 05-01-16, Mr. Adrawsa bill on Mr. B for 30 days after sight. The bill was accepted on 08- 01-16. Then the date of maturity of the bill will be ____a)08-02-16b)09-02-16c)10-02-16d)11-02-16Correct 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 05-01-16, Mr. Adrawsa bill on Mr. B for 30 days after sight. The bill was accepted on 08- 01-16. Then the date of maturity of the bill will be ____a)08-02-16b)09-02-16c)10-02-16d)11-02-16Correct answer is option 'C'. Can you explain this answer?.
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