Chapter: Commission, Brokerage and Discount· Mathematics & Statistics (Commerce) Part 2

The date on which the period of the bill expires is called ____.

Q.4 (A)(i) The date on which the period of the bill expires is called ____.

A. Legal due date

B. Grace date

C. Nominal due date

D. Date of drawing

Doubtly Asked 29 Oct 2026 Board exam · July 2024 hsc 12th Save WhatsApp Report

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Answer: (c) Nominal due date

The date on which the period of the bill (counted from the date of drawing) expires is the nominal due date. Adding 3 days of grace to it gives the legal due date, on which the bill is actually payable.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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The date on which the period of the bill expires is called ____.

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