Multiple choice

A bill drawn on 23.11.2005 as payable 60 days after date was accepted on 24.11.2005. The date of maturity of this bill will be

  1. 25.1.2006

  2. 26.1.2006

  3. 27.1.2006

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 60days from 24.11.2005          = 22.01.2006

  • Grace Days                               =3 Due date                                       =25.01.2006

Keep practicing — related questions