pl help, thanks in advance
1) model test paper 4, question 51- On 1.8.09 Ram draws a bill on Moti for 30 days after sight. The date of acceptance is 8.8.09. The maturitu date of the bill will be --10.9.09 as per ans given.how ??
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Replies (7)
When question mention after sight then due date is counts from Date of Bill acceptance. In the above question Bill accepts on 8august,09 and when we add 30 day maturatiy period plus 3 days grace period then Maturity date will be 10 sept,2009. . . . . . . . . . . . THANKS
| Originally posted by : Mr. JHA | ||
 |
When question mention after sight then due date is counts from Date of Bill acceptance. In the above question Bill accepts on 8august,09 and when we add 30 day maturatiy period plus 3 days grace period then Maturity date will be 10 sept,2009. . . . . . . . . . . . THANKS |  |
yes agreed
Hi friends, when the bill is after sight bill, its period is counted from date of presentation of the bill. In the above case, since the date of presentation is not given, date of acceptance will be considered as date of presentation and days (30 + 3) will be counted from 8.8.09.
Regards, CA Shakuntala Chhangani
yes iagree with shakuntala mam
yes i toooooo agree with shakutala mam
i got my answer wrong in cpt 4 this question
very useful
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