Bills of exchange

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2013 hi
this is regarding cpt-bills of exchange

Q)A bill drawn on 23.11.2005 as payable 2 months after date was accepted on 24.11.2005.The date of maturity of the bill will be

correct-------> 25.1.2006
26.1.2006
27.1.2006
None of these

is it correct?if so how?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 August 2013 If the bill is after sight then due date is 27.01.2006 if its not after sight due date will be 26.01.2006.

Apart from 2 month 3 grace days will be added.

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