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Question
What is 'due date of a bill'?
Solution
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 a bill. These three days are called "days of grace".
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RELATED QUESTIONS
A bill is drawn on 23rd Sept., 2013 at 4 months would be payable on .................................
A. 24th Jan. 2014
B. 25th Jan. 2014
C. 26th Jan. 2014
D. 25th Jan. 2013
Payment of the bill before due date.
(b) Retirement of bill
(c) Renewal of bill
(d) Endorsement of bill
A bill is drawn on 23rd October, 2016 payable after 3 months, the due date of the bill will be .................
Retirement of bill means payment of the bill before due date.
When the amount of a bill is paid on its due date, it is said to be retired ?
Answer the following question in one sentence only.
What is due date of bill?
