Multiple Choice Questions on Due date of a bill of exchange drawn on 30th January 2011 for one month will be ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

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

Accountancy (11th) Chapter-8 Bills of exchange
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    Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :

    5 Mar.

    Incorrect Answer

    3 Mar.

    Correct Answer

    29 Feb.

    Incorrect Answer

    4 Mar.

    Incorrect Answer
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    Explanation:

    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 3 days i.e. on 3rd march.

    By: santosh
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