X draws a bill on Y for Rs.2,50,000 on 1.1.2018 for 3 months after sight, date of acceptance is 6.1.2018. Maturity date of the bill will be : __________.
A
8.4.2018
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B
9.4.2018
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C
10.4.2018
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D
11.4.2018
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Solution
The correct option is C9.4.2018 If bill is drawn using words after sight then calculation will start from the date of acceptance. 3 months from 6.1.2018 comes to 6.4.2018+3 grace days; hence date of maturity 9.4.2018.