# Question No 1 Chapter No 16 – T.S. Grewal 11 Class

Question No 1 Chapter No 16

1. Calculate the due dates of the bills in the following cases:

 Date of Bill Tenure Period i 1st December 2017 60 Days ii 30th April 2018 2 Months iii 28th January 2018 1 Month iv 23rd November 2017 2 Months v 29th May 2017 4 Months

The solution of Question No 1 Chapter No 16: –

 Date of Bill Tenure Calculation Due Date i December 01, 2017 60 Days 30 December + 30 January + 3 days of grace February 02, 2018 ii April 30, 2018 2 Months 2 Months from April 30, 2016would be June 30, 2016, + 3 days of grace July 03, 2018 iii January 28, 2018 1 Month 1 A month from January 28, 2017, would be February 28, 2017, + 3 days of grace March 03, 2018 iv November 23, 2017 2 Months 2 Months from November 23, 2016, would be January 23, 2017, + 3 days of grace January 26, 2017, but it is a national holiday so, the due date would be one day before i.e., January 25, 2017 v May 29, 2017 4 Months 4 Months from May 29, 2017, would be September 29, 2017, + 3 days of grace October 02, 2017, but it is a national holiday so, the due date would be one day before i.e., October 01, 2017

Note: Due date of ii is mismatched from the book. As per our solution, it is 3rd July 2018 and it is 3rd July 2017 as per textbook.
Due date of iii is mismatched from the book. As per our solution, it is March 03, 2017, and it is March 01, 2017, as per textbook

Bill of exchange (BOE): Meaning and Examples

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

• Chapter No. 1 – Introduction to Accounting
• Chapter No. 2 – Basic Accounting Terms
• Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
• Chapter No. 4 – Bases of Accounting
• Chapter No. 5 – Accounting Equation
• Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
• Goods and Services Tax(GST)
• Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
• Chapter No. 8 – Journal
• Chapter No. 9 – Ledger
• Chapter No. 10 – Special Purpose Books I – Cash Book
• Chapter No. 11 – Special Purpose Books II – Other Books
• Chapter No. 12 – Bank Reconciliation Statement
• Chapter No. 13 – Trial Balance
• Chapter No. 14 – Depreciation
• Chapter No. 15 – Provisions and Reserves
• Chapter No. 16 – Accounting for Bills of Exchange
• Chapter No. 17 – Rectification of Errors
• Chapter No. 18 – Financial Statements of Sole Proprietorship
• Chapter No. 19 – Adjustments in preparation of Financial Statements
• Chapter No. 20 – Accounts from incomplete Records – Single Entry System
• Chapter No. 21 – Computers in Accounting
• Chapter No. 22 – Accounting Software – Tally
• Chapter No. 5 – Accounting Equation
• Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
• Goods and Services Tax(GST)
• Chapter No. 8 – Journal
• Chapter No. 9 – Ledger
• Chapter No. 10 – Special Purpose Books I – Cash Book

T.S. Grewal’s Double Entry Book Keeping