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

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Question No 1 Chapter No 16

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

Date of BillTenure Period
i 1st December 201760 Days
ii 30th April 20182 Months
iii 28th January 20181 Month
iv 23rd November 20172 Months
v 29th May 20174 Months

The solution of Question No 1 Chapter No 16: –

  
Date of BillTenure
CalculationDue Date
i December 01, 201760 Days30 December + 30 January + 3 days of graceFebruary 02, 2018
ii April 30, 20182 Months2 Months from April 30, 2016would be June 30, 2016, + 3 days of graceJuly 03, 2018
iii January 28, 20181 Month1 A month from January 28, 2017, would be February 28, 2017, + 3 days of graceMarch 03, 2018
iv November 23, 20172 Months2 Months from November 23, 2016, would be January 23, 2017, + 3 days of graceJanuary 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, 20174 Months4 Months from May 29, 2017, would be September 29, 2017, + 3 days of graceOctober 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

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Bill of exchange (BOE): Meaning and Examples

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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

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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