Question

On $\mathrm{18.2.2019}$ A draws a bill on $B$ for $Rs.1,25,000$. $B$ accepted the bill on $\mathrm{21.2.2019}$. The bill is drawn for $30$ days after sight. The maturity date of the bill will be : ________.

• A. $\mathrm{24.3.2019}$
• B. $\mathrm{23.3.2019}$
• C. $\mathrm{26.3.2019}$
• D. $\mathrm{21.3.2019}$

Answer 1

The correct option is C $\mathrm{26.3.2019}$

If bill is drawn using words after sight then calculation will start from the date of acceptance. $30$ days from $\mathrm{21.2.2019}$ comes to $\mathrm{23.3.2019}+3$ grace days; hence date of maturity $\mathrm{26.3.2019}$.