what is days of
grace? If
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9885789716.
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Answer Posted / arnab
If you deposits a A/c Payee cheque in bank that will be
take a minimum 3 days time.That is Days of Grace.
In other way, a bill received by you dated on 01/01/2010.
But You will receive the amount receivable on 04/01/2010.
That's the effect of days of grace.
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