Bill of Exchange — Account STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceAccountBill of Exchange1 Mark
MCQ
Base date is otherwise called as _____.
✓
Zero date
B
Leave date
C
Working days
D
Grace days
✓
Answer
Correct option: A.
Zero date
Base date is also named as reference date. Its the date which is used for comparing the changes in condition with the upcoming date or event. Base date is also termed as Zero Date.
For example, if the base date is 1st Jan 2017 with an index of 100, if the index is 150 on 30th June 2017, it means index is 50% higher than the base date.
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