English

Calculate legal due date for the following: Date of Bill Period Legal due date 19th Jan. 2022 60 days ? -

Advertisements
Advertisements

Question

Calculate legal due date for the following:

Date of Bill Period Legal due date
19th Jan. 2022 60 days ?
Numerical

Solution

Given:

  • Date of Bill: 19th January 2022
  • Period: 60 days
  • Grace Period: 3 days

Remaining days in January: 31 − 19 = 12 days

Days left to add: 60 − 12 = 48

Now, distribute these 48 days across the next months:

  • February 2022 (28 days, since 2022 is not a leap year) → 48 - 28 = 20 days left 
  • March 2022: Adding the remaining 20 days brings us to 20th March 2022 

20th March + 3 days = 23rd March 2022 

legal due date is 23rd March 2022. 

Date of Bill Period Legal due date
19th Jan. 2022 60 days 23rd March 2022
shaalaa.com
Bills of Exchange
  Is there an error in this question or solution?
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×