The date on which period of the bill expires is called ____.
Q.4 (A) (i) The date on which period of the bill expires is called ____.
A. Legal due date
B. Date of discounting
C. Nominal due date
D. Date of drawing
1 answer
Best answer
Answer: C. Nominal due date
Answer: (c) Nominal due date
The date on which the period of the bill expires is the nominal due date. Adding 3 days of grace to it gives the legal due date.
Doubtly AI
· 28 Oct 2026
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