Q. 1 solution of Bills of Exchange TS Grewal Book Class 11 2021-22

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Are you looking for the solution of Question number 1 of the Bills of Exchange of TS Grewal Book class 11, 2021-22 Edition for the 2021-22 session?

Question number 1 of the Bills of Exchange is a practical one.

Question Number 1 Solution of Bills of Exchange of TS Grewal Book 2021-22 Class 11

Question – 1

Calculate the due dates of the bills of in the following cases-

Date of BillTenure (Period)
1.1st December 202060 Days
2.30th April 20212 Months
3.28th January, 20211 Month
4.23rd November, 20202 Month
5.29th May 20204 Month

Solution:-

Date of BillTenure (Period)CalculationDue Date
1.1st December 202060 Days30 days December + 30 days January + 3 days grace (See Note 1)02/02/2021
2.30th April 20212 Months30th April to 30th June + 3 days grace03/07/2021
3.28th January 20211 Month28th January to 28th February + 3 days grace03/03/2021
4.23rd November 20202 Month23rd November to 23rd January + 3 days grace (See Note 2)25/01/2021
5.29th May 20204 Month29th May to 29th September + 3 days grace01/10/2021

Note – 1

when the period of the bill is stated in days the calculation of the maturity date will be in days ( which includes the date of payment but exclude the date of transaction.

Note – 2

If the maturity date falls on a day that is a ‘public holiday’ the maturity date of the bill shall be preceding business day.

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