___ days of grace are allowed in case of time bills, for calculating date of maturity
A. 2
B. 4
C. 3
D. 5
Answer: Option C
Solution(By Examveda Team)
3 days of grace are allowed in case of time bills, for calculating date of maturity. Legal due date of a term/usance bill will be the last day of grace ( maturity date plus three days of grace is the legal due date).This Question Belongs to Commerce >> Accounting
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