Start learning →

A bill dated 5 June is payable 30 days after date. Including grace, it matures on (no holidays):

A9 July
B8 July
C5 July
D7 July
Answer & Solution
Correct answer: B. 8 July
The day of the date is excluded, so 30 days ends on 5 July and three days of grace make it 8 July.
Practise this question with Quill — CA Foundation →

Keep practising Bills of Exchange and Promissory Notes

Browse all Bills of Exchange and Promissory Notes questions for CA Foundation, or explore more Accounting topics.

Start a Bills of Exchange and Promissory Notes lesson →
Related questions