Adv A/C Rebate on bills

Accountancy

When to take 3 days grace?

Ganesh U

CA Final

★ 6K+

11-May-23 10:53

452

Answers (4)

While calculating the due date of bills, we take 3 grace days.

Varshaa M

CA Final

★ 35K+

11-May-23 11:06

Varshaa M

While calculating the due date of bills, we take 3 grace days.

If they mention after 5 months payable then we have to add the 3 days ri8?

Thread Starter

Ganesh U

CA Final

★ 6K+

11-May-23 11:07

Yes, for example, Bill date: 15/05/22 Period: 5 months Due date: 18/10/22

Varshaa M

CA Final

★ 35K+

11-May-23 11:12

Varshaa M

Yes, for example, Bill date: 15/05/22 Period: 5 months Due date: 18/10/22

thanks

Thread Starter

Ganesh U

CA Final

★ 6K+

11-May-23 14:47