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Bill of Exchange — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBill of Exchange1 Mark
MCQ
Average due date can be called as _______.
  • ✓
    Mean due date
  • B
    Median due date
  • C
    Mode due date
  • D
    Zero date
✓

Answer

Correct option: A.
Mean due date
Average due date is defined as the mean date on which one payment may be made in lieu of multiple payment due on various dates keeping in mind that both the parties may not suffer with a loss of interest.

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