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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## Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)