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Questions and Answers
If a bill is drawn on 25 December 2005 for 60 days, calculate the due date.
If a bill is drawn on 25 December 2005 for 60 days, calculate the due date.
25 February 2006
If a bill was prepared on 1/11/2005 for 5 months, calculate the due date.
If a bill was prepared on 1/11/2005 for 5 months, calculate the due date.
1/04/2006
Rohini draws a bill on 1/6/2006 for 90 days. Ascertain the due date.
Rohini draws a bill on 1/6/2006 for 90 days. Ascertain the due date.
4/05/2006
Deepak drafts a bill on Sanjay on 2nd December 1995 for 4 months. Find the due date.
Deepak drafts a bill on Sanjay on 2nd December 1995 for 4 months. Find the due date.
If a bill prepared for 45 days on 1 July 2002 for 60 days, calculate the due date.
If a bill prepared for 45 days on 1 July 2002 for 60 days, calculate the due date.
Flashcards
Due date of a bill of exchange
Due date of a bill of exchange
The date on which a bill of exchange becomes payable.
Draw a bill of exchange
Draw a bill of exchange
To create a draft or document, specifically a commercial paper like a bill of exchange.
Calculating due date - Days
Calculating due date - Days
Calculate the due date of a bill of exchange by counting the number of days from the date of issue.
Calculating due date - Months
Calculating due date - Months
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Date of issue
Date of issue
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Bill of Exchange
Bill of Exchange
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Due date - December 25th, 2005, 60 days
Due date - December 25th, 2005, 60 days
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Due date - November 1st, 2005, 5 months
Due date - November 1st, 2005, 5 months
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Due date - June 1st, 2006, 90 days
Due date - June 1st, 2006, 90 days
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Due date - December 2nd, 1995, 4 months
Due date - December 2nd, 1995, 4 months
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Study Notes
Bills of Exchange Calculations
- Example 1: A bill is drawn on 25 December 2005 for 60 days. Calculate the due date.
- Example 2: A bill was prepared on 1 November 2005 for 5 months. Calculate the due date.
- Example 3: Rohini draws a bill on 1 June 2006 for 90 days. Ascertain the due date.
- Example 4: Deepak drafts a bill on Sanjay on 2 December 1995 for 4 months. Find the due date.
- Example 5: A bill is prepared for 45 days on 1 July 2002 for 60 days. Calculate the due date.
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