Due date example sentences

To ensure payment on due date Amit draws a bill of exchange upon Rohit for Rs.10,000 is received by her on the due date then Mamta will be the payee.There are instances when a bill of exchange is arranged to be retired before the due date by mutual understanding between the drawer and the drawee.In such a situation, normally the firm relies on the party to make payment on the due date.The bank gets the amount from the drawee on the due date.The accounting treatment on the retirement of a bill is similar to the accounting treatment when a bill is honoured by the acceptor on the due date in the ordinary course.If the holder of the bill needs funds, he can approach the bank for encashment of the bill before the due date.Thus, if a bill dated March 05 is payable 30 days after date it, falls due on April 07, i.e. 33 days after March 05 If it were payable one month after date, the due date would be April 08, i.e. one month and 3 days after March 0 However, where the date of maturity is a public holiday, the instrument will become due on the preceding business day.