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A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs 50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay the amount to C at 2 % discount. The amount to be paid by A to C will be:
  • a)
    49,000
  • b)
    49,490
  • c)
    49,686
  • d)
    50,500
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A draws a bill on B for Rs 50,000. A endorsed it to C in full settleme...
Calculation of Amount to be Paid by A to C

Given:
Amount of Bill drawn by A on B = Rs 50,000
Amount settled by A with C = Rs 50,500
Noting Charges = Rs 200
Discount rate = 2%

Step 1: Calculation of Amount Paid by A for Noting Charges
As the bill was returned dishonoured, noting charges of Rs 200 were incurred by A. Therefore, A needs to pay this amount in addition to the amount settled with C.

Amount Paid by A for Noting Charges = Rs 200

Step 2: Calculation of Amount Paid by A to C after Discount
A wants to pay the amount to C at a 2% discount. Therefore, the amount to be paid to C will be:

Amount to be Paid to C = (Amount settled with C + Noting Charges) - 2% of (Amount settled with C + Noting Charges)
= (Rs 50,500 + Rs 200) - 2% of (Rs 50,500 + Rs 200)
= Rs 50,700 - Rs 1,014
= Rs 49,686

Therefore, the amount to be paid by A to C after a 2% discount will be Rs 49,686.
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Community Answer
A draws a bill on B for Rs 50,000. A endorsed it to C in full settleme...
(55000+200)-2%=49686
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A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs 50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay the amount to C at 2 % discount. The amount to be paid by A to C will be:a)49,000b)49,490c)49,686d)50,500Correct answer is option 'C'. Can you explain this answer?
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A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs 50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay the amount to C at 2 % discount. The amount to be paid by A to C will be:a)49,000b)49,490c)49,686d)50,500Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs 50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay the amount to C at 2 % discount. The amount to be paid by A to C will be:a)49,000b)49,490c)49,686d)50,500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs 50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay the amount to C at 2 % discount. The amount to be paid by A to C will be:a)49,000b)49,490c)49,686d)50,500Correct answer is option 'C'. Can you explain this answer?.
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