A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?

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A4th July,2018

B1st July,2018

C30th June,2018

D4th August,2018

Correct answer

A. 4th July,2018

Explanation

Bill drawn on 1st April, 2018 payable after 3 months. The due date is 1st April, 2018 + 3 months + 3 days of grace = 4th July, 2018

A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is? - Answer and Explanation | Academy of Pakistan