Fill in the days of grace
Exercise and reference answers
- Missing parts
- Answer
- three
- Choices
- three
- five
- seven
- Answer
- maturity
- Choices
- maturity
- issue
- discount
- Complete the statement
- Every instrument payable otherwise than on demand gets {0} days of grace. Adding them to the due date gives the date of {1}.
- Instructions
- Fill each blank to complete the rule on maturity.
Explanation
_Source: ICAI CA Foundation Accounting Ch6 Bills of Exchange, 7. DAYS OF GRACE_