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Mr.A has drawn a bill of exchange on Mr. Y for RO 5,000 on 1st April 2021. If it is a sight bill and Mr.
Mr.A has drawn a bill of exchange on Mr. Y for RO 5,000 on 1st April 2021. If it is a sight bill and Mr. A presents the bill on 15th May 2021, on which day is the bill payable by Mr. Y a. 15th May 2021 b. 15th May 2021 + 3 days of grace which is 18th May 2021 c. None of the options d. 1st April 2021
Mr.A has drawn a bill of exchange on Mr. Y for RO 5,000 on 1st April 2021. If it is a sight bill and Mr. A presents the bill on 15th May 2021, on which day is the bill payable by Mr. Y
a.
15th May 2021
b.
15th May 2021 + 3 days of grace which is 18th May 2021
c.
None of the options
d.
1st April 2021
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
