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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • A bill of exchange is drawn by Mr. Mahesh on Mr. Mohan fo...
Multiple choice

A bill of exchange is drawn by Mr. Mahesh on Mr. Mohan for Rs. 10,000 on 30th January, 2012 for one month. The due date of the bill will be

  1. 29th February, 2012

  2. 2nd March, 2012

  3. 3rd March, 2012

  4. 4th March, 2012

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

After 1 month, the date will be 30th February, but 3 grace days are given to make the payment. So, the date will be 3rd March.

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