Calculation of Amount Debited by A to C

To calculate the amount debited by A to C, we need to understand the given scenario and the transactions involved.

The Given Scenario:
1. A draws a bill on B for Rs 30,000.
2. A endorses the bill to C in settlement of Rs 35,000.
3. The settlement is made with the help of B's acceptance and the balance in cash.
4. The bill is dishonored on the due date.

Step 1: Calculation of Discounted Amount
The bill is endorsed by A to C at a 2% discount. To calculate the discounted amount, we can use the formula:

Discounted Amount = Bill Amount - (Bill Amount * Discount %)
= Rs 35,000 - (Rs 35,000 * 2/100)
= Rs 35,000 - Rs 700
= Rs 34,300

Therefore, the discounted amount is Rs 34,300.

Step 2: Calculation of Cash Amount
As per the settlement, the remaining amount is paid in cash. To calculate the cash amount, we subtract the discounted amount from the total settlement amount:

Cash Amount = Total Settlement Amount - Discounted Amount
= Rs 35,000 - Rs 34,300
= Rs 700

Therefore, the cash amount is Rs 700.

Step 3: Calculation of Bill Amount
Since the bill was dishonored on the due date, it implies that B did not accept the bill. Therefore, A is responsible for the payment. The amount debited by A to C would be the original bill amount:

Bill Amount = Rs 30,000

Therefore, the bill amount is Rs 30,000.

Step 4: Calculation of Debit Amount
The debit amount is the difference between the bill amount and the cash amount:

Debit Amount = Bill Amount - Cash Amount
= Rs 30,000 - Rs 700
= Rs 29,300

Therefore, C will be debited by A for Rs 29,300.

Explanation:
In this scenario, A draws a bill on B for Rs 30,000 and endorses it to C in settlement of Rs 35,000 at a 2% discount. The settlement is made using B's acceptance and the balance in cash. However, on the due date, the bill is dishonored, indicating that B did not accept the bill.

As a result, A is liable to make the payment, and the amount debited by A to C would be the original bill amount of Rs 30,000. The cash amount paid by A to C is Rs 700, which is the difference between the total settlement amount (Rs 35,000) and the discounted amount (Rs 34,300).

Therefore, the debit amount for C is calculated as Rs 29,300, which is the difference between the bill amount (Rs 30,000) and the cash amount (Rs 700). This amount represents the outstanding payment that C is entitled to receive from A.