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Date on Which Payment of a Bill is to Be Made. - Book Keeping and Accountancy

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Question

Date on which payment of a bill is to be made.

Solution

Due Date

Explanation:

The date on which payment of a bill is to be made is termed as due date of the bill. It is calculated by adding three days of grace to the period of the bill.

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APPEARS IN

 2011-2012 (March) (with solutions)
Question 1.2.3 | 1.00 mark

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Solution Date on Which Payment of a Bill is to Be Made. Concept: Bill of Exchange Examples and Solutions.
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