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Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2011 On 1.8.05 , X draws a bill on Y for 30 days after sight. The date of acceptance is 8.8.05. The maturity date of the bill will be?
1)8.9.05
2)10.9.05
3)11.9.05
sir, ans in the book is 2. Option but it should be 3. As per my knowledge .. Please explain..

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

14 September 2011 The option 2 is correct because upto 31 aug there is 23 days completed and required 7 days to complete 30 days in the month sep and add 3 days so due date is 10.09.05. In case in the question there is one month instead of 30 days then your answer is correct. I think your not the commerce student that why u have ariased this type of doubt. I think know it is clear.
OM SAI SRI SAI JAI JAI SAI

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