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Holding till Maturity

On 01.01.2018...

Question

On 01.01.2018, X draws a bill on Y for Rs 20,000 for 3 months, maturity date of the bill shall be:

A

01.04.2018

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B

03.04.2018

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C

04.04.2018

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D

04.05.2018

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Solution

The correct option is C
04.04.2018

Maturity date = 01.01.2018 + 3 months + 3 days = 04.04.2018.

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