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Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? 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 Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired?.

Solutions for Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? defined & explained in the simplest way possible. Besides giving the explanation of Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired?, a detailed solution for Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? has been provided alongside types of Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? theory, EduRev gives you an ample number of questions to practice Mohit, the acceptor of the bill has to honour a bill on 31 st March 2006. Due to financial crisis, he is unable to pay the amount of bill of Rs. 20,000. Therefore, he approaches Rohit on 20 th March 2006 for extension of bill for further 3 months. Rohit agrees to extend the credit period by drawing a new bill for Rs. 20,500 together with interest of Rs. 1,000 in cash. In this case old bill of Rs. 20,000 will be considered as (a) Discounted (b) Dishonoured (c) Cancelled (d) Retired? tests, examples and also practice CA Foundation tests.