Question No 01 Chapter No 15
Determination of Due Date
1. Calculate the due dates of the bills in the following cases:
| Date of Bill(2017) | Term of Bill | |
| (i) | 1st May | 3 months |
| (ii) | 28th June | 2 months |
| (iii) | 29th July | 4 months |
| (iv) | 30th Aug. | 90 days |
| (v) | 30th Sept. | 75 days |
| (vi) | 15th Oct | 2 months |
| (vii) | 31st Oct | 1 month |
| (viii) | 1st Nov | 45 days |
The solution of Question No 01 Chapter No 15: –
| Date of Bill | Tenure |
Calculation | Due Date |
| (i) 1st May | 3 months | 3 months from May 1, 2017, would be August 1, 2017, + 3 days of grace | 4th August 2017 |
| (ii) 28th June | 2 Months | 2 Months from June 28, 2017, would be August 28, 2017, + 3 days of grace | 31st August 2017 |
| (iii) 29th July | 4 Month | 4 Month from July 29, 2017, would be November 29, 2017, + 3 days of grace | 2nd December 2017 |
| (iv) 30th Aug | 90 days | 1 August + 30 September + 31 October + 28 November + 3 days of grace | 1st December 2017 |
| (v) 30th September | 75 days | 31 October + 30 November + 14 December 3 days of grace | 17th December |
| (vi) 15th October | 2 months | 2 months from October 15, 2017, would be December 15, 2017, + 3 days of grace | 18th December |
| (vii) 31st October | 1 month | 1 month from October 31, 2017, would be November 31, 2017, + 3 days of grace | 3rd December |
| (vii) 1st November | 45 days | 29 November + 16 December 3 days of grace | 19th December |
Bills Receivable Book | Subsidiary Books | Examples
Bills Payable Book | Subsidiary Books | Examples
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Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
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