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Question
A bill of exchange payable after a certain period is known as _________.
Solution
A bill of exchange payable after certain period is known as after date bill.
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- Drawee: Mr. Kapil Deo. Mumbai
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- Date of Bill: 3rd March. 2020
- Date of Acceptance: 7th March, 2020
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| Date of Bill | Period | Legal due date |
| 19th Jan. 2022 | 60 days | ? |
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Conversion of Bill of Exchange into its present value.
