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A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to B
- a)Rs. 14,000
- b)Rs.14,500
- c)Rs.15,000
- d)Rs.15,500
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
A draws a bill on B for Rs 30,000 for mutual accommodation. A discount...
Solution:
Discounting of Bill
When A draws a bill on B for Rs 30,000 for mutual accommodation, he discounts that bill for Rs 28,000 from the bank. This means that A sells the bill to the bank for Rs 28,000, and the bank will pay him the discounted value of the bill. The bank will then collect the full amount of the bill from B on the due date.
Remittance to B
After A has discounted the bill, he remits Rs 14,000 to B. This means that A sends Rs 14,000 to B as an advance payment against the bill. The remaining amount of Rs 2,000 will be collected by the bank from B on the due date.
Payment on Due Date
On the due date, A will send the remaining amount of Rs 15,000 to B. This means that the full amount of the bill is Rs 30,000, and A has already remitted Rs 14,000 to B as an advance payment. Therefore, the remaining amount that A needs to pay to B on the due date is Rs 15,000.
Conclusion
In conclusion, the correct answer is option C, Rs 15,000. This is the amount that A will send to B on the due date to settle the bill in full.
Discounting of Bill
When A draws a bill on B for Rs 30,000 for mutual accommodation, he discounts that bill for Rs 28,000 from the bank. This means that A sells the bill to the bank for Rs 28,000, and the bank will pay him the discounted value of the bill. The bank will then collect the full amount of the bill from B on the due date.
Remittance to B
After A has discounted the bill, he remits Rs 14,000 to B. This means that A sends Rs 14,000 to B as an advance payment against the bill. The remaining amount of Rs 2,000 will be collected by the bank from B on the due date.
Payment on Due Date
On the due date, A will send the remaining amount of Rs 15,000 to B. This means that the full amount of the bill is Rs 30,000, and A has already remitted Rs 14,000 to B as an advance payment. Therefore, the remaining amount that A needs to pay to B on the due date is Rs 15,000.
Conclusion
In conclusion, the correct answer is option C, Rs 15,000. This is the amount that A will send to B on the due date to settle the bill in full.
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Community Answer
A draws a bill on B for Rs 30,000 for mutual accommodation. A discount...
Discount is divided in the ratio in which discounted amount is divided.
Ratio in which discounted amount is divided
= 14000/14000 = 1:1
Discount borne by A = 1/2 ×2000 = 1000
Amount to be given by A
= Discounted amount+ discount
= 14000 + 1000
= 15000
Ratio in which discounted amount is divided
= 14000/14000 = 1:1
Discount borne by A = 1/2 ×2000 = 1000
Amount to be given by A
= Discounted amount+ discount
= 14000 + 1000
= 15000
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A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer?
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A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer?.
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A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A draws a bill on B for Rs 30,000 for mutual accommodation. A discounted that bill for Rs.28,000 from bank and remitted Rs.14,000 to B. On due date A will send to Ba)Rs. 14,000b)Rs.14,500c)Rs.15,000d)Rs.15,500Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA CPT tests.
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