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The Three Extra Days Which Are Allowed Over and Above the Period of the Bill. - Book Keeping and Accountancy

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प्रश्न

Give word/term or phrase for the following statement.
The three extra days which are allowed over and above the period of the bill.
एक शब्द/वाक्यांश उत्तर

उत्तर

The three extra days which are allowed over and above the period of the bill.-  Days of grace
Explanation: The date on which the payment of the bill becomes due is called the due date or the date of maturity. While calculating the due date, it is necessary to add three days to the period of the bill. These three days are known as 'days of grace'.
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Important Terms of Bills of Exchange - Days of Grace
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 9: Bill of Exchange (Trade Bill) - Exercise 2 [पृष्ठ ३१६]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 9 Bill of Exchange (Trade Bill)
Exercise 2 | Q 13 | पृष्ठ ३१६
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