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Days of grace

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Days of grace

Posted by Gourav Mishra 5 years, 2 months ago

CBSE > Class 11 > Accountancy

2 answers

Kanishka Raturi 5 years, 2 months ago

It is a period of 3 days post date of maturity .it is a practice to add 3 days of grace

Yaser Siddiquee 5 years, 2 months ago

Number of days by which a debtor or acceptor of a draft may exceed the due date before being in default.

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