Q 01 CH 15 USHA 1 Book 2020 Solution min - Question No 01 Chapter No 15 - USHA Publication  11 Class

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 May3 months
(ii)28th June2 months
(iii)29th July4 months
(iv)30th Aug.90 days
(v)30th Sept.75 days
(vi)15th Oct2 months
(vii)31st Oct1 month
(viii)1st Nov45 days

The solution of Question No 01 Chapter No 15: –

Date of BillTenure
CalculationDue Date
(i) 1st May3 months3 months from May 1, 2017, would be August 1, 2017, + 3 days of grace4th August 2017
    
(ii) 28th June2 Months2 Months from June 28, 2017, would be August 28, 2017, + 3 days of grace31st August 2017
    
(iii) 29th July4 Month4 Month from July 29, 2017, would be November 29, 2017, + 3 days of grace2nd December 2017
(iv) 30th Aug90 days1 August + 30 September + 31 October + 28 November + 3 days of grace1st December 2017
    
(v) 30th September75 days31 October + 30 November + 14 December 3 days of grace17th December
    
(vi) 15th October2 months2 months from October 15, 2017, would be December 15, 2017, + 3 days of grace18th December
    
(vii) 31st October1 month1 month from October 31, 2017, would be November 31, 2017, + 3 days of grace3rd December
    
(vii) 1st November45 days29 November + 16 December 3 days of grace19th 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. 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)

 

 

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