Bill of exchange : discounting
This query is : Resolved
16 April 2012
if maturing date of bill of exchange is a declared holiday
then it'd matured on proceeding day
now this bill is discounted with bank
then period for calculating interest for discounting the bill will include the last day(HOLIDAY) or it will include upto one day before!!!!
then it'd matured on proceeding day
now this bill is discounted with bank
then period for calculating interest for discounting the bill will include the last day(HOLIDAY) or it will include upto one day before!!!!
17 April 2012
It will be up to the date of retirement or otherwise you retire before holiday
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