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Video instructions and help with filling out and completing back date bill of lading

Instructions and Help about back date bill of lading

Music hello friends in this session we shall learn calculation of due date of a user's bill of exchange French a bill of exchange can be used as bill or a demand bill demand bills are those bills which are payable on demand and users bills are those bills which are payable after some time on due date hence the question involving calculation of due date arises only in case of users bill of exchange the rules relating to calculating due date are according to negotiable instrument act 1881 according to these rules there are four different situations involving calculation of due dates the first situation is when we are required to calculate the due date from date of bill second when calculation is to be made from debt of presentation of the bill third when calculation is required to be made from date of acceptance of goodell by the person who is to pay it called dry and fourth situation when no date is given it is simply stated as to so many days after date which date that is not mentioned so according to negotiable instrument the Act which guides calculation of due days there are four different situations one when we calculate from date of bill second when we calculate from data presentation made of bill of exchange to the drive for acceptance third from date of acceptance by the ROI and fork when no date is given let us see this example bill of exchange dated July 12 2021 presented for acceptance on July 18 was accepted by dry on July 20 and it is payable after now it is payable after two months after so two month after it can be data bill or two months after data presentation or two months after date of acceptance or it can be simply mentioned payable two months after date now we shall calculate the due dates on the basis of this example for all the four situations so here we have to make the calculation first from date of bill so it is payable two months after date of bill so if that is the question that payment is to be made after two months from date of them then how we shall make the calculation first of all we shall take the reference date here reference date means the date from which the calculation is to be made since we have assumed that first we are going to calculate from date of bill so we take date of Bill here so July 12 2021 is date of bill it is payable two months after so we add two months to this date so it becomes 12th September before payment of users bill of exchange three days of grace are available so we add three days of grace and this is the due date 15 to September is the due date of this bill when it is payable two months after date of bill so it.