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The date on which the bill is drawn is c...

The date on which the bill is drawn is called as ________

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The correct Answer is:
date of bill
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On Jan. 01, 2016 Arun sold goods for Rs 30,000 to Sunil. 50% of the payment was made immediately by Sunil on which Arun allowed a cash discount of 2%. For the balance Sunil drew a promissory note in favour of Arun payable after 20 days. Since, the date of maturity of bill was a public holiday, Arun presented the bill on a day, as per the provisions of Negotiable Instrument Act which was met by Sunil. State the date on which the bill was presented by Arun for payment and Jounalise the above transactions in the books of Arun and Sunil.

Anupam draws a bill on Bhanu for ₹ 20,000 on 10th January m 2019 for three months. Bhanu accepts the bill on 11th janunry, 2019 and returns the same to Anupam anupam endorsed the bill to Chaman endorsed it to Dewan on the same date . Dewan discounted the bill with hus bank @ 12% p.a. on 14th February. on the due date , the bill is dishonoured and noting charges paid by bank were ₹ 600. pass the necessary journal entries in the bools of all the parties ( except bank) assuming that the bill is taken up and paid by Anupam to Dewan's bank on dishonour.