1.

How many days are added as days of grace while calculating the due date of a bill ? Find the due date for the following bills:i) Bill drawn on 1st January,2015 payable one month after the date. ii) Bill drawn on 29th December, 2015 payable two months after the date.

Answer»

Three days of grace are added. 

1. Bill drawn on 1st January, 2015 payable one month after the date. (4 Feb.2015) 

2. Bill drawn on 29th December, 2015 payable two months after the date. (1 Feb. 2015)



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