Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :

- a)5 Mar.
- b)3 Mar.
- c)29 Feb.
- d)4 Mar.

Correct answer is option 'B'. Can you explain this answer?

Related Test: Test: Bill Of Exchange - 1

80 Answers

Harsh
answered
Dec 02, 2018

B.3 march.... bcoz of one month which is feb. nd plus 3 days of grace..That is 3 rd march

Manya Jain
answered
Mar 29, 2020

3 March bzc Fab is one month and adding three days of march bzc of due date is 3 day extra of date of date of payment

Priya Pallawi
answered
May 08, 2020

It is B because after(jan) 1 month it is feb and which ia of 28 day ..on taking 3 day of grace day it is 3rd march , so the correct answer is B.

Ritika Verma
answered
Apr 30, 2020

February bcoz one month which is Feb.and plus 3 days grace period....

Palak Jain
answered
Oct 29, 2018

Due date of a bill is only after the given period (in this case one month ) plus three days of grace . So the bill will be paid only after 1month and 3days i.e. on 3rd march

Balaji Kuppusaamy
answered
Apr 28, 2020

Feb has only 28 days so it is not considered as an assessment year so the answer is mar3

Manshi Rajput
answered
May 18, 2020

B is correct because from 30 January to 29 February one month completed and (+3 grace days) so the answer is 3 march..!!

Suraj R Tiwari
answered
2 weeks ago

Because due date is after one month

after 1 month means on 29 february

but due to accounting rule it was fall on 3rd march

the accounting rule is if a person can not pay the amount on due date then additional 3 days will be given to him

that's why the due date is 3rd march

after 1 month means on 29 february

but due to accounting rule it was fall on 3rd march

the accounting rule is if a person can not pay the amount on due date then additional 3 days will be given to him

that's why the due date is 3rd march

Varun Saxena
answered
May 08, 2020

B. 3 March of a bill of exchange drawn on 30 th January, 2011 for one month will be

Student Ten
answered
Mar 20, 2020

Option b) is the correct answer.

One month is 28th February and 3 March is after adding days of Grace....

One month is 28th February and 3 March is after adding days of Grace....

Sakshi Sharma
answered
Jun 04, 2020

Maturity date completed at the end of Feb bcz on month is complete,

and + three days of grace so 3 March is correct

and + three days of grace so 3 March is correct

Manisha Gupta
answered
Dec 06, 2018

My answer is 3 march because the bill the bill drawn for 1 months 3 days are extra given

Ankita Joshi
answered
May 08, 2020

3 March becoz the grace days are also added to the month feb of 3 days ..

The Unique World
answered
Apr 30, 2020

B is the answer because one month get completed in Feb and 3 days of grace. So 3 March is the answer i.e, opt.B

Kishan Lal
answered
Apr 13, 2020

3 ans.is ryt ans. becoz bill given for one month 3 day are extra given

Dhanya Sree
answered
3 weeks ago

Answer is B. 3 march

1 month after the date is 28 th Feb and plus 3 days grace is March 3.

1 month after the date is 28 th Feb and plus 3 days grace is March 3.

Shashank Sharma
answered
May 16, 2020

As the bill is drawn for 2 months and 3 days are grace days which are added to due date

Kamal Madaan
answered
Aug 09, 2018

If B/R is drawn for one month ...one month will be end on 28 Feb...next three days for grace

Anshika Srivastav
answered
Apr 21, 2020

3rd March is right answer because we are adding 3 days of grace day

Bilwa Pr. Chattopadhyay
answered
Dec 18, 2018

Please give one idea ... 1 month (full February month) + 3 days grace(31st Jan 1 mar 2 mar) so payable on 3rd am I correct .. if not .. please correct me..

Sukant Dev
answered
Apr 20, 2020

30 January just after one month there should 30th February but it is not possible so we can assume whole February will be taken for this and for additional grace 3 days it will be 3rd March.

Tanishka Jaiswal
answered
Jun 09, 2020

3 March because the maturity period of bill drawn is 1 month and plus 3 days of Grace says.

Kaashika Kaur
answered
Dec 06, 2018

3 march2011,bill of exchange only for 1 month and three grace date .

Vishesh Upadhyay
answered
Dec 09, 2018

It is not a complicated question instead it is tricky, just be ansure that every time you have to clear cut about 1 month either it is feb month or any other even though it is of 28 days it will be counted as full one month Then now add 3 more day to 28 feb. (Last date ) we will get the maturity date which is 3 march.

Prashant Kumar Sharma
answered
Apr 19, 2020

Yes, I explain this answer,after one month there is a three days of Grace is added so,month of February and three days for Grace is added . therefore, February+3 days=3 March

Deepakroy 7482066784
answered
Apr 26, 2020

Because in 1month is 30 or 31 days so he added 3extra days in a month of Feb .so right answer is 3march

Chandna Arora
answered
Dec 06, 2018

For example, if a bill is drawn on 30th January for one month, it becomes due on 28th Feb. and legally due on 3rd March. If the bill becomes legally due on a Sunday or a public or gazette holiday, the (legally) due date is supposed to be one day earlier.

Mangala Nagaraj
answered
Apr 01, 2020

Negotiable act the bill of exchange drawn 30th January for one month ans : is March 3 because he have to give 4grace day it was written by the drawer in bill of exchange

Anurag Singh
answered
Apr 04, 2020

Option no.B is correct because after due date 3 days added on behalf of days of grace....

Kapadia Husen
answered
Dec 09, 2018

Jaaag..as 1 month ends on 28 feb..3 days is for grace period..and the finally time completes on 3 march

Ankitha N Rao
answered
Apr 20, 2020

The correct answer is option b.because the due date is for one month.then it will be 28 Feb. And we have to add 3days as grace days. so the answer is 3march

Arihant Printers
answered
Apr 25, 2020

3 march becaz in feb there is 29 days and bill of exchange is for one month and 4 days.

This discussion on Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :a)5 Mar.b)3 Mar.c)29 Feb.d)4 Mar.Correct answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by Commerce Students. The Questions and
Answers of Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :a)5 Mar.b)3 Mar.c)29 Feb.d)4 Mar.Correct answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of Commerce, which is also the largest student
community of Commerce. If the answer is not available please wait for a while and a community member will probably answer this
soon. You can study other questions, MCQs, videos and tests for Commerce on EduRev and even discuss your questions like
Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :a)5 Mar.b)3 Mar.c)29 Feb.d)4 Mar.Correct answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest Commerce community, EduRev has the largest solved
Question bank for Commerce.

Ask a question

- LONG QUESTION ANSWER - THE BILL OF EXCHANGE
Doc | 2 Pages

- Plz explain
Doc | 1 Page

- Can u plz explain
Doc | 1 Page

Upgrade to Infinity