You visited us 1 times! Enjoying our articles? Unlock Full Access!

Holding till Maturity

On 13.07.2018...

Question

On 13.07.2018, X drew a bill on Y for Rs 25000 for 30 days. The due date of the bill will be?

13th August 2018

No worries! We‘ve got your back. Try BYJU‘S free classes today!

14th August 2018

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

15th August 2018

No worries! We‘ve got your back. Try BYJU‘S free classes today!

16th August 2018

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
14th August 2018

When date of maturity is a public holiday, the day preceeding the public holiday will be considered as Maturity Date.

13.07.18 + 30 days = 12.08.18 + 3 days grace = 15.08.18. Since 15th August is a public holiday, date of maturity will be 14th August.

Suggest Corrections

Similar questions

R s . 4000

15 t h A u g u s t

30

18.2.2019

B

R s . 1, 25, 000

B

21.2.2019

30

16.6.2019 X

Y

R s . 25, 000

30

19 t h

Join BYJU'S Learning Program