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Answer in one sentence. What is legal due date? - Book Keeping and Accountancy

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Question

Answer in one sentence.

What is legal due date?

One Line Answer
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Solution

Date which is arrived at after adding three days of grace to nominal due date is known as Legal Due Date.

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Chapter 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [Page 303]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q F. 9) | Page 303
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