Question of 28
Q.
Calculate the Due date for bill.
| Date of Bill | Period of Bill | Days of grace | Due date |
|---|---|---|---|
| 12th July | 1 Month | 3 | ? |
| 1st October | 30 days | 3 | ? |
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 2mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →Add the bill's period to its date, then add 3 days of grace; if the day falls on a public holiday, move to the preceding working day. Bill 1 → 14 August; Bill 2 → 3 November.
Rule: Due date = (Date of bill + period stated) + 3 days of grace. When the period is in months the same date of the later month is taken; when in days the exact number of days is counted (excluding the date of the bill). If the final day is a recognised public holiday, the bill is due on the preceding business day.
Bill 1 — 12th July, 1 month, 3 days grace
| Step | Result |
|---|---|
| 12 July + 1 month | 12 August |
| + 3 days of grace | 15 August |
| 15 August is Independence Day (public holiday) → preceding working day | 14 August |
| … |
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