If the bill of exchange of two month's duration is accepted on 12th June 1995 its maturity date will be ____________.

14th August 1995

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13th August 1995

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16th august 1995

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15th August 1995

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Solution

The correct option is B 14th August 1995
Due date = 12th June + 2 Months + 3 grace days
= 15th August.
As 15th Aug is public holiday , due date will be its preceeding day i.e. 14th Aug.

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If the bill of exchange of two month's duration is accepted on 12th June 1995 its maturity date will be ____________.

The correct option is B 14th August 1995Due date = 12th June + 2 Months + 3 grace days = 15th August.As 15th Aug is public holiday , due date will be its preceeding day i.e. 14th Aug.

The correct option is B 14th August 1995
Due date = 12th June + 2 Months + 3 grace days
= 15th August.
As 15th Aug is public holiday , due date will be its preceeding day i.e. 14th Aug.