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On 1.8.05 X draw a bill on Y “ for 30 days after sight”. The date of acceptance is 8.8.05. The maturity date of the bill will be:
  • a)
    8.9.05
  • b)
    10.9.05
  • c)
    11.9.05
  • d)
    9.9.05
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
On 1.8.05 X draw a bill on Y “ for 30 days after sight”. T...
The due date of Bill should be 7-09-2005 because when the Bill is payable "On Demand" or "At Sight" then grace days are not allowed.
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On 1.8.05 X draw a bill on Y “ for 30 days after sight”. T...
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Community Answer
On 1.8.05 X draw a bill on Y “ for 30 days after sight”. T...
The correct answer is option c. see here I will briefly define it. in bills of exchange the days of grace is provide only 3 days. if the question is define after sight then the calculations on acceptance
is allowed then 8 8 5 plus one month and 3 days also .
jai hind
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On 1.8.05 X draw a bill on Y “ for 30 days after sight”. The date of acceptance is 8.8.05. The maturity date of the bill will be:a)8.9.05b)10.9.05c)11.9.05d)9.9.05Correct answer is option 'B'. Can you explain this answer?
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On 1.8.05 X draw a bill on Y “ for 30 days after sight”. The date of acceptance is 8.8.05. The maturity date of the bill will be:a)8.9.05b)10.9.05c)11.9.05d)9.9.05Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 1.8.05 X draw a bill on Y “ for 30 days after sight”. The date of acceptance is 8.8.05. The maturity date of the bill will be:a)8.9.05b)10.9.05c)11.9.05d)9.9.05Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1.8.05 X draw a bill on Y “ for 30 days after sight”. The date of acceptance is 8.8.05. The maturity date of the bill will be:a)8.9.05b)10.9.05c)11.9.05d)9.9.05Correct answer is option 'B'. Can you explain this answer?.
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