Download App

Bills of Exchange — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyBills of Exchange1 Mark
Question
What are Days of Grace?
✓

Answer

The three extra days allowed to the drawee or the acceptor of a bill for making payment on it are called Days of Grace.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer in One Sentence" from Bills of Exchange→Bills of Exchange — all question types→Book Keeping & Accountancy STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

What is New Ratio?
→
Which organizations prepare Income and Expenditure Account?
→
Give three examples of current liability.
→
When are shares said to be issued at par?
→
On what single factor does the valuation of goodwill primarily depend?
→
What is Benefit Ratio?
→
What is the Legal Due Date?
→
What is Surplus?
→
Why is Partnership Deed necessary?
→
What is the effect of the adjustment of provision for discount on debtors in the final accounts of partnership?
→