Hello everyone, Welcome to another class of RCB, where you
have to go to the bank to exchange 2000 notes again.
We will discuss the topic of Bills of Exchange with you, we
will start with that.
Level of Chapter Easy, Medium or Hard?
I am saying that this chapter is on medium level, we will
make it easy by reading it.
Because, the way notes are designed in this, for once you
put 15 or 20 minutes conceptual and work hard.
All other topics are interlinked, each entry changes.
All topics will end at once through conceptual discussion.
What I mean to say is, there will not be a very long and
wide discussion.
If you pay attention to the basic level once, then things
will end very lovingly.
Sir, show us a glimpse of the notes once.
Take a look at the glimpse of the notes once.
The meaning of Bill of Exchange is written, there is a
thing called Promissory Note, there is a difference in them.
Then some important terms that we will use during the
chapter is that.
There is a point called Calculation of Due Date of Bill.
After that, the entries are filled all over the world.
Entries are filled all over the world, you can see.
Up to here.
After this, the next topic comes, that next point.
Sir, so many entries, how many pages are there?
Take a look.
1, 2, 3, 4, 5, 6.
Entries are filled on 6 pages, that too is written in two
places, left and right.
How will we be able to cover up?
This is what I want to explain.
Once the conceptual discussion is over, all the entries
written in all these topics, all these are interlinked.
There are some points, they are linked by covering up each
other.
Everything will be done.
Later, each entry changes in this topic and nothing else.
Okay sir.
So let's start.
To discuss its concept, I will take you to the pad.
Let's go.
I clicked right, New Microsoft Windows Journal Document.
I opened it.
Then I came to OBS.
I double-clicked on Notepad on OBS.
And this pad is available in front of you.
Okay.
Let's go.
Friends, my request to you is that you write with me.
You don't have to write anything in the notes.
But the things I will write to you while explaining
conceptually, please write them down and go.
Please write them and go.
Please write.
We are starting the concept again with Rajat's favorite
color.
There are two people here.
One's name is A and the other's name is B.
She used to call him.
He used to call her.
She used to call him.
He used to call her.
Did you see the meme?
But because of this, we have kept the names separately.
It will be clear here.
One's name is A and the other's name is B.
A and B know each other.
They are friends.
Okay? Okay.
When did their friendship start?
I don't know myself.
But since the partnership is going on in 11th and 12th, and
since the chapter of Bill of Exchange is running,
A and B come everywhere.
There is copyright on them.
Let's use their example.
A sold goods to B.
What did he sell?
Goods.
A sold some goods to B.
And B said,
Friendship is coming, you know me.
It's a matter of mutual respect.
Give me some time to pay.
Sir, how much did the goods cost?
Rs. 10,000.
In return, B says,
I will pay you.
He will pay you, but this is a problem.
B says, I will pay you.
But I need some time to pay.
What is he asking?
Credit period.
What is he asking?
Credit period.
Means, do you understand?
Lend.
He is asking for some time to pay.
Credit means, he is asking for loan time.
To give me some time.
A said, okay, you tell me.
What should I give time from my side?
You tell me, how much time do you need?
It's a matter of mutual respect.
No problem.
B said, I need 3 months time.
B may ask for 2 months, ask for 1 month, ask for 15 days.
Like Paresh Rawal, don't ask for 30 years.
My father is giving 30 years time.
There should not be that story.
He will agree in this much.
So A said, okay.
I allow you a credit period of 3 months.
Pay me after 3 months.
Do you know, when were the goods sold?
When were the goods sold?
Sir, you tell me.
On 1st April, 2023.
When were the goods sold?
On 1st April, 2023.
When will the credit period of 3 months end?
Dear children, tell me.
Count the time and tell me.
When will the credit period of 3 months end?
From 1st April.
Tell me, tell me, tell me.
Kajal, quickly, quickly, quickly, quickly.
Kajal, or else I will shout like Sunny Deol.
1st July.
From 1st April, 1st May, then 1st June, and then 1st July,
2023.
1st July, 2023.
3 months have passed.
During these 3 months,
A and B felt very hot.
But somehow they passed.
And the date has come, 1st July, 2023.
Now A is calling B.
Shall I show you?
Take this.
A called B on the phone.
Train, train.
The bell is ringing.
Train, train.
The bell is ringing.
Train, train.
The bell is ringing.
The answer is not coming.
The person you have called, he is not answering.
Please, after some time, after some time, try.
Cut.
I tried again.
A tried again.
After some time,
I tried again.
The same response is coming again.
He tried after 2 hours.
The same response.
The person in front is not answering.
I tried again the next day.
1 month has passed.
While trying the phone,
B did not pick up the phone.
What is the indication of this?
Friends, tell me.
What is the indication of this?
What has come in this small heart of B?
Dig.
There is no hole in the heart.
There is a dig in the heart.
There is no fear in the heart of B.
Dig.
There is a dig.
The fear is in the heart of A.
The fear is here.
He is afraid that now the son has a hole in his heart.
Now I will not get the money.
And it is also justified.
It is also justified.
So A went and filed a complaint in the court.
What else to do?
He is not getting the phone.
He is not picking up the phone.
Two people have sent him to the office.
He did not get there either.
They have sent him home.
The wife and children have come to the house.
So that he can't say much.
If he says anything, put a case on him.
Tell him that he was trying to tease us.
B has taken a lot of handcuffs and is not giving money.
So poor A, where did he go helplessly?
He went to the court.
He filed a complaint in the court.
Now the court is the court.
Have you heard the dialogue of Ajay Devgn in Singham?
If we police want, then no one can pick up a pair of
slippers from in front of the temple.
It is a fact.
Now if the government wants, then they can't pick up people
from the house.
Absolutely right.
This is the good thing about the court.
The court picked up B from where he was.
The court picked up B from where he was and presented him
to the court.
Now where was B brought?
Where was B brought?
To the court.
And now B is present in the court.
And a voice is being raised.
Mr. A, who is filing a case against him, be present.
And now A has also come there.
Now the case is going on.
Now there is a debate between the two.
A is saying,
Mr. Judge, my lord,
I had sold him things worth 10,000 rupees on 1st April,
2023.
He promised me 3 months later that he will pay me on 1st
July.
Today is 1st July.
He did not pick up the phone, nor did he show his face, nor
did he send the money.
This is the era of UPI, Mr. Judge.
Even after that, he did not even transfer.
If he did not have a hole in his mind, then he would have
transferred to UPI.
If he was busy somewhere, then he would have transferred me
online and cleared my payment.
But he did not do anything like that, Mr. Judge.
You can see.
See my bank statement, Mr. Judge.
No credit is coming from B.
A has given his entire argument.
And B has taken out only one line from A's argument.
He has said only one line.
B has said,
Mr. Judge, he has not sold me anything.
He has not sold any goods to me.
He is just putting on false allegations.
He is putting false allegations on me.
He has not sold me anything.
And I had a liability towards him
What is the proof of this?
B is saying,
I had given him Rs. 10,000 cash that day.
Even if I had sold the goods.
B has two arguments to give.
One is that he has not sold the goods.
He does not have any proof of this either.
Even if A shows proof of this, of the goods, that we have
made a bill, we have sent a bill to him.
So B is saying,
I had made his cash payment with Rs.
7,000 that day.
Rs. 10,000,
I had made him hold it with Rs.
7,000 in cash that day.
And cash payment up to Rs.
10,000 is allowed.
Income tax will also not hold B.
Section 40A3 says, if you make a single bill against a
single person in a single day, against a single bill, if
you make a payment above Rs.
10,000, then the work is wrong in cash.
Otherwise, it is allowed.
If he has made a payment up to Rs.
10,000 in cash, then income tax will also not say anything
to B.
Now tell me what A says.
A made a mistake.
What? A should have taken some return proof that he has
sold goods to B and B has asked for 3 months time.
If there was any proof, then the matter would have been
resolved.
Now he is saying that he has paid the money.
Now what should he say? What should A say?
And the judge is now asking A, he is saying that the money
has been paid and what is the proof of the money?
So the money has been paid.
A has no answer to give.
You can see the face of A. He is speechless.
And in the B court, while dancing, he came out with his
chest wide open.
He even hit A twice in front of A.
See, see, see.
Now there is no friendship left.
That is why it is said that in business, there is no
friendship, no friendship.
Although he was not a good friend.
He was a fake friend. Good friends never do this.
But still, there are also fake friends.
You have to stay away from them.
That is why you give me an advice now that in such a
scenario, in such a case, what should A do for the future?
How should A be careful for the future?
Tell.
Wasn't A's B such a friend?
Will there be any more friends?
Right? So it is not that you will stop selling debts in
business.
Debt selling can never be stopped in business.
Keep this in mind.
Credit sale is the integral part of business.
Credit sale is the integral part of business, my dear
friends.
You tell.
Tell yourself.
Am I not doing credit sale myself?
Right? In fact, credit sale is a part of every business.
It is not possible without it.
The customer has to enter the gate.
You are asking him to give you money to enter.
He will give you then.
You have to buy something then.
You have to ask for money first.
In this way, there is no relationship.
There is no business.
And there is no benefit.
So credit sale, brother, A will have to do in the future
too.
But if such a situation does not occur, and you know, bad
debts happen to us too.
If such a situation does not occur, what should we do in
the future?
What should A do in the future?
Tell me, Rajat.
Give me some idea, man.
If you were in the same place, what would you do now?
If you give someone such a credit period, you will give 2-3
months time to make a payment.
So what safety and security will you keep from your side?
You want to say agreement.
Okay.
Basically, you want to say this.
You are close.
Take it in writing from B.
And get it signed.
That after 3 months, he will make the payment.
Okay.
So listen, brother.
What did A do this time?
Made a paper like this.
Wrote on it.
That I have sold goods worth 10,000 to B.
And he made a promise of payment after 3 months.
And A signed his own.
And wrote on it that if he does not make a payment after 3
months, then we can take him to court.
And with penalty, we will collect from him.
Wrote on that paper like this.
A signed his own.
And B also signed on it.
B also signed on it.
In such a case, my dear friends.
Do you know what this document is called?
We call this letter bills of exchange.
What do we call this letter?
Bills of exchange.
We will call this letter bill of exchange.
Okay.
I will give you an example.
I will tell you one more point.
Wait a minute.
I will make this again.
Oh, man.
Give me a sec.
Okay, I told you.
It is stopping to draw a straight line.
Some such command is set.
We call it bill of exchange.
Okay.
Friend, instead of a letter,
Don't you think there is a better solution than this?
Instead of a letter,
There is a better solution than this.
Can you tell me?
That will also work as proof.
Even if B doesn't give the payment tomorrow,
You can take the code with proof.
With proof.
Can you tell me?
What can be such a document?
Check.
What can be such a document?
Check.
We are telling B to give the payment after 3 months.
There is no problem.
But do one thing.
Give us the check after 3 months today.
Put the date of July 1 on the check.
Even if we go to the bank before July 1,
The bank will not give us money from your account.
Because the date will be put on it on July 1.
We will not be able to go to the bank before July 1.
Give the check.
So what will B do?
By removing it from your checkbook,
If you make a check of ₹ 10,000,
Don't you think that is also a great proof?
B got 3 months.
B has to pay before 3 months.
Because which date is put on the check?
July 1, 2023.
So check is also a bill of exchange.
Check is also a bill of exchange.
Check is a great example of a bill of exchange.
Even if we don't pick up the phone on July 1,
We will not call.
There is no need to call.
Pick up, don't pick up.
Where will we go after taking the check?
To the bank.
And we will get it cleared.
What if it is not clear?
Suppose there is no money in B's account.
What if it is not clear?
Check bounce.
We will make a case against him.
Automatically, with a lot of love,
Check bounce.
The case will be made against him.
Are you understanding?
So if you take this proof,
Then it will be very good in the future.
The case of check bounce will be made automatically.
Entry will come to the bank.
That the bankers had gone with this check.
To get it cleared from the bank of B.
The bankers of A had gone.
And they did not get clearance from there.
So there will be solid proof with the bank of A.
That the check of B has been dishonored.
It has not been cleared.
With the help of this,
You can start proceedings against B in the court.
There is no bigger proof than this.
Okay? Okay, sir.
So this is our topic.
Bills of exchange.
That is,
Instead of selling a loan,
Take written proof.
Is bills of exchange.
And what is its best example?
Check.
What is its best example?
Check, my dear viewers.
Okay, sir.
You had this.
Conceptual meaning of bill of exchange.
Now in our notes,
What is written about bills of exchange?
Let's go and see friends.
Okay.
You will learn how to run OBS.
Do you remember?
If you are interested,
Take things and start.
OBS is free of cost.
Install it in your systems.
Start making something.
Nowadays, People have come a lot.
The world is online.
If you are interested in any field,
Please start.
Go online.
Put some reels there.
You can see people around you.
Millions of views are coming.
It is around you.
I will tell you after the class.
I will show you here.
Let's go.
Meaning of bills of exchange.
It is a written consent of one party.
Accepting to make payment
Against the amount due on him.
Written consent.
Do you understand the meaning of consent?
Agreement.
Written consent means
Giving agreement by writing.
Accepting to make payment.
What do they do in it?
What agreement do they give by writing?
Accept that we will make payment.
Like B.
B will give by writing that
Yes, I will make payment.
For what?
Against the amount due on him.
The money on it
Debt is going on.
One means ten thousand.
To the other one.
Who draws the bill?
To the other one means
Who? Mr. A.
B will give written consent.
In which he will say
Yes, I will make payment.
For the amount due on me.
And he will give written consent.
To whom?
Mr. A.
To whom?
Mr. A.
After the end of a specified period.
After a fixed time.
Which was fixed between them.
What was the time between them?
Three months.
Maker of the bill is called drawer.
Now see friends.
Who will make the cheque by himself?
Mr. B.
If the cheque is being made and given.
Then Mr. B will take out the cheque from his cheque book.
He will sign and give it to him.
But if the second case is there.
Cheque is not being taken.
On a paper.
It is being written by Mr. A.
By whom?
By Mr. A.
That I have sold B.
And B has said that I will give the payment after three
months.
And A has signed it.
And A gives it to B.
That you also sign and return it.
So in such a case.
Who is the person who made that letter?
Tell the name of the person who made that letter.
A or B?
Who has drawn that letter?
Mr. A.
So what will we call A?
Drawer.
What will we call A?
Drawer.
D-R-A-W-E-R.
Do you understand?
It is a very simple point.
A will write that I have sold B to you for Rs. 10,000.
You will make the payment after three months.
Take this and sign it.
Then he will sign and give it.
So who has drawn that?
Not A.
So who will become A?
Drawer.
Drawer means the one who makes.
The person who makes the letter.
And the person who accepts the bill is called?
Acceptor.
And the one who will sign and accept.
That letter means B.
What will we call it?
Acceptor.
It has another name of acceptor.
Payor.
P-A-Y-O-R means Payor.
If you say, the one who pays the money.
Who is B?
The one who will accept will pay the money.
That's why we also call it Payor.
P-A-Y-O-R.
Payor.
Is it okay?
There is another name which is not written here.
Drawee.
D-R-A-W-E-Drawee.
Now something is written ahead.
Bill can also be endorsed etc.
We will see all this later.
What is this promissory note?
What is the meaning of promissory note?
If the acceptor himself draws and accepts the bill.
Then it becomes a promissory note.
There are two things.
Listen.
If A letter is made.
Type A letter.
Sign on it and get it signed from B.
So what will we say to that letter? Bill of exchange
What will we say? Bill of exchange
And B is saying that there is no need to make a letter
I will sign you from my side
I will make a cheque and give it to you
Hold this
There was no need to write any typing
There was no need to make any letter
So what is such a document called?
Promissory note
What is such a document called? Promissory note
If B himself writes and gives it from his side
So what will it become? Promissory note
Okay B is not giving cheque
B is making a letter and giving it to you
B is saying that why are you making a letter? I will make it
B has written that I have bought things from A
I will pay them after 3 months
If I don't pay, then there can be a case against me in the
court
B has signed and given the directive to A
Because B is saying that first you will make a letter from A
Then you will send it to me
Then I will sign and send it to you
It will take time at this time
I will type a better letter than this and sign it
I will send it to you myself
In such a case also, what will that letter be called?
Promissory note
What is a cheque?
Promissory note
Because he himself makes it and gives it
If A makes a letter and gets B signed on it
Like Paresh Rawal makes a letter
And gets Sunil Shetty signed
In the movie Hera Pheri
Golmaal hai bhai, sab golmaal hai, gaana basta hai
So what will that letter be called?
Bill of exchange
If Sunil Shetty himself signs and gives
So what will it become?
Promissory note
Okay Make it and get it signed
Bill of exchange
Make it yourself and sign it
Give it to the other person
Promissory note
The thing is
The seller has proof
Tomorrow the buyer cannot refuse to pay
And the ultimate objective of making a letter is
That you get a proof
Okay sir
What is the difference between bill of exchange and
promissory note?
It contains an order to pay
There is an order of payment in the bill of exchange
Why? Because who makes the bill of exchange?
Seller Drawer He says, brother B, give me money
Sign on this
He gives an order to pay B
And what happens in promissory note?
It contains a promise to pay
He himself makes B
So he says, I promise, I will give
He will not give himself an order
He will promise
So there is a promise in this
It is written here
Drawer, drawee and payee are the three parties to it
It is written in the bill of exchange
It is said that three parties are included in the bill of
exchange
Number one is drawer
That is the seller who makes the bill
Who makes the letter
Then drawee who accepts it
Which we call an acceptor and payer
And then another person can be included
Whose name is payee
Payer means the person who pays the money
And payee means the one who will be paid
Payee means the one who will pay the money
Payer means the one who will pay the money
Acceptor means B
And payee means the one who will pay the money
Who will pay the money?
A So sir, drawer and payee are the same thing
Because who drew the bill?
A did
Who is the seller?
A And who will get the money?
Who is the payee?
A So sir, why are there three parties here?
Because in the case of bill of exchange, it can also happen
that
A endorses his letter to someone else
A tells B, do one thing, don't give me the money, give it
to C
I want to take money from you
And I want to give it to Deepak
So I say to you, do one thing, give it to me and give it to
Deepak
So in such a case, payee will become different
Payee will become different
Okay sir
And in the case of promissory note
Maker and payee are the only two parties
One is the maker himself, Mr.
Who makes the promissory note, who promises
Who writes and gives that I will pay the money
And one is the person with whom the money will be paid
Now whether it is A or C
Okay sir, okay
In the case of bill of exchange, the drawer and payee can
be the same
Did you see now?
There is an example of Mr.
So the drawer is also Mr.
And the payee is also Mr.
If he endorses it to someone else, then the payee will
become someone else
In the case of promissory note
Maker and payee cannot be the same
In the case of promissory note
The person who makes the bill is Mr.
And the payee who will get the money
They can never be the same
Because B will not pay himself
Either he will do it to A or he will do it to C
So in the case of promissory note
Maker and payee are different
They can never be the same
And in the case of bill of exchange
Drawer and payee can be the same
Notice of dishonor must be given
If there is dishonor in the case of bill of exchange
The bill cannot be cleared
The payment cannot be made on time
So it is the duty of A to inform B
Give notice that you have not paid on time
Only after that he can complain in court
But in the case of promissory note
He does not need to inform
That dishonor has happened
Because he himself promised that I will pay
He did not pay himself
You can go to the court directly without informing him
He does not need to give any notice
This is made by the creditor i.e.
the seller
And this is made by the buyer i.e.
the debtor
This is the difference between them
Ok Now friends, I will present some examples in front of you
And you have to calculate the due date
When will the due date come out?
How will the due date come out?
I will give you some examples
Is it done?
Like you did not take it out a while ago
You took it out a while ago
You went three months ahead from 1st April
Which date did you take out? 1st July
I will give some examples like this
And you have to calculate the due date
Ok, ready?
Let's go
Take this
I write the date of bill here
I write the date of sale of the loan 1st August
And the period is 2 months
The period is 2 months
Tell me sir
When will the due date come?
The sale has been done on 1st August
And the other party has asked for 2 months
Hmm
Call
Tell me sir
What? Ok, you are telling earlier 2 months will go ahead
from 1st August 1st September and 1st October
Where will it reach? 1st October
And friends, remember one thing 3 days are added in this 3
days of grace 3 days of grace are added in this 3 days of
grace
It's not like it's 2 months
So you need money on 1st October
Otherwise, you will go to the court on 1st October
The other party may be
Going on Saturday or Sunday
May be in his business
May not be available for 1-2 days
May be that person is out somewhere
Any reason may be
So 3 more days are given for grace
Before complaining
You get 3 more days
So what becomes your due date? 4th October
No one gives money on 4th October
After that, you can take action against it
Ok, next example
1st August
60 days
Tell me
Sir, it's the same thing 2 months and 60 days
It will come same to same
Do you think so?
This time it's fixed in day
Friend, understand the meaning of month
Month means 31 days month is still 1 month
And 30 days month is still 1 month
But in days 31 days will make no difference
But in days
So do you know how to go ahead in days?
We have to go 60 days ahead from 1st August
And remember
We leave 1st August and start moving forward
How far do we have to go from 1st August? 60 days
We leave 1st August and start moving forward
So you have to go 60 days ahead
Let's go
You have to go 60 days ahead
You have to finish 60 days
Ok Tell me, how many days should I finish in August?
We don't have to count 1st August
How many days are left in August? 30 days
So 30 days will end in August 30 days will end in August
Say yes or no
Then how many days will be left to go ahead? 30 days will
be left
And when will these 30 days end?
In September
These 30 days will end in September
So where will you reach?
No 30th September will end all the days
In 30th September everything will end
Add 3 days of grace 1st October, 2nd October, 3rd October
So what will be our due date? 3rd of October
Understand this clearly
Kajal is saying that her birthday is after 60 days
I will give a strong party
And the day Kajal is saying this
That day is 1st August
On 1st August, Kajal is saying that her birthday is after
60 days
I will give a strong party after 60 days
So tell me, when will we get a party from Kajal?
Go 60 days ahead
So we have spent 30 days in August
While waiting 30 days have passed in August
Say yes or no
Yes So her birthday is near
Now how many days are left to spend for that grand party?
We have to spend 30 more days
Now when will those 30 days end?
On 30th September
So on 30th September we will get Grand Party from Kajal
But in case of payment we will go 3 more days ahead
We will add more grace days 1, 2 and 3 October
Sir here in 2 months our date was coming on 4th October
How is it coming out on 3rd October in 60 days?
There is a difference of 1 day
There are 31 days in August
If you count in days, then?
And if you count in months, then only 1 month will be
counted 30th will also be counted as 1
That's why there is a difference
Deepak, tell this point again
You will go 60 days ahead
One last example
No, not the last one
Sorry, we will go to the example
One last example of days calculation
Bill is being made on 1st June
When? On 1st June
And Sir, we have to make payment after 55 days 55 days, go
ahead
On 1st June, Kajal is saying
My birthday is after 55 days
I will give a grand party
So tell me, when will I get the party?
We will spend 55 days
Which 55 days will be there?
Which 55 days of which month will be there?
How many days will we spend from 55 days of June? 29
Because there are total 30 days in June
And I have not counted 1st date
So from 55 days
We will spend 29 days of June
After that, how many more days will be left to spend?
How many more days will be left in waiting for the party?
26 days
Which month will we spend these 26 days?
July So when we spend 26 days of July, which date will we
reach? 26th July
And we will add 3 days of grace 27th, 28th, 29th
July So what will be our answer? 29th July 29th of July
would be our answer
Next example
12th June 2 months
Tell me, what will be the due date?
The bill is being made on 12th June, 2 months are being
given
What will be the due date? 12th June
Sir, we will go 2 months ahead from 12th June 12th July and
12th August
And if we add 3 days of grace, which date will come? 15th
August
But there is a problem
What is on 15th August?
Independence Day
What is on 15th August?
Independence Day
Bank, everything is closed
Entire country
Celebrates together
At that time, let's not talk about payment
It is 15th August
So on Independence Day
Payment will not be done
So what do we do in such a case?
What do we do in such a case?
We come one day earlier
We will come one day earlier
Due date will be 14th August
It is a national holiday
Independence Day is a national holiday
Bank, everything is closed
So what do we do in such a case?
We will come one day earlier
Because we already knew the holiday
Those who are saying, go one day later
Take 16th August
We already know that 15th August holiday will be
So in such a case, we come one day earlier
We have to make a payment one day early
Similarly If due date comes out on 26th January
So what will you do? 25th January
Because we also know that 26th January is also a national
holiday
Similarly, if due date comes out 2nd October
The day of Gandhi Jayanti
We also know that it is a national holiday
So what will we take in that case? 1st October
In that case also, we will take 1st October
In that case also, 1st October
Will come one day earlier
Okay If there is a case of emergency holiday
Like Suppose someone's due date was coming out 29th July,
as it was coming in our example
And suddenly
It is declared that on 29th July
Due to COVID
There will be a lockdown in the country for one day
So in such a case
One day will go ahead
No one should be there
But in the country of such a famous person
After living for 200 years
Death occurs
So emergency holiday is declared
So in such a case
One day later
In the case of emergency holiday
Due date will be one day ahead
And The national holiday is already known
In that case, the due date will be one day earlier
Okay Let's go
Let's read out the notes
Quickly about this topic
How do we get the due date?
Let's read it once
Due date questions
Can be made
See Calculation of due date of a bill
What is written?
When the period specified is in months
If it is written in months
Then ignore 30-31 days
Go straight two months ahead
And add three days grace
Is it okay?
When the period is specified in days
If the period is in days
What to do in such a case?
Go forward with the mentioned number of days
Excluding the date
When the bill is drawn
Go 50-60 days ahead
But do not count the first day
Ignore it
As we saw now
We had taken 30 days to spend
In such a case
When the due date is a public holiday
If there is a public holiday on the due date
Then preceding business day
Will become due date
And if there is an emergency holiday on the due date
Then one day will go ahead
My dear friends
One day will go ahead
Is it okay?
Now I will give you one last example
Let me give you
One last example
12th August
Oh sorry
What was 12th?
June Two months ahead of 12th June
What will be the due date? 15th August
Then you will say
This day is an independent day
You will take 14th August
Assume 14th August is Sunday
What will you do in such a case?
What if 14th August is Sunday?
That is also a public holiday
Remember Sunday is also a public holiday
In such a case
You will come one day behind 13th August
So the day it is a public holiday
National holiday or Sunday
Go behind
Until business day comes
In such a case, 13th August will be your due date
Okay So this discussion ends here
For now
So this discussion
We have learned the meaning of bills of exchange
In today's clip
And in that
The calculation of due dates we do
We will continue in the coming clips
Keep walking with us
Stay connected
Revise today's clip
If you don't revise, then it's a problem
And Even if you think things are very basic
But still take 10 minutes and revise
I say this at the end of every clip
I will keep saying this in the future
You may get the same thing at the end of every clip
Because this is the most important
Revision And connect with us for doubts
Thank you
Bye Bye