wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

If the due date is a public holiday, the due date of the bill will be ____?

A
Following day
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Preceding day
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
The same day only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
One month later
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D Preceding day
If the date of cheque falls on a holiday, it will be taken for clearance on the next working day. Any way a Cheque under NI Act is valid for 90 days- recently reduced from earlier 180 days.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Commercial Bills and Commercial Paper
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon