Calculation of Due Date of Bill of Exchange
Due Date of Bill of Exchange is calculated to find the date , on which the payment of the bill of exchange is due. For calculation of due date of bill of exchange, we follow the following steps : –
- Identify the start date i.e, the date on which the Bill of Exchange is drawn ;
- Add the number of days/month after which the bill is due ;
- Add 3 days , as period of grace.