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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:?
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:?
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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:
- A draws a bill on B for Rs 50,000.
- A endorses it to C in full settlement of Rs 50,500.
- Noting charges of Rs 200 as the bill returned dishonored.
- A wants to pay the amount to C at a 2% discount.
Step 1: Calculate the amount payable by B to A
The original amount of the bill drawn by A on B is Rs 50,000. Therefore, the amount payable by B to A is Rs 50,000.
Step 2: Calculate the amount payable by C to A
A endorsed the bill to C in full settlement of Rs 50,500. This means C will receive Rs 50,500 from A.
Step 3: Account for the noting charges
The bill was returned dishonored and noting charges of Rs 200 were incurred. Since the dishonor was not due to C, these noting charges will be borne by A.
Step 4: Calculate the net amount payable by C to A
The net amount payable by C to A after deducting the noting charges will be Rs (50,500 - 200) = Rs 50,300.
Step 5: Calculate the discount amount
A wants to pay the amount to C at a 2% discount. The discount amount will be 2% of Rs 50,300.
Discount = (2/100) * 50,300 = Rs 1,006
Step 6: Calculate the final amount payable by A to C
The final amount payable by A to C after deducting the discount will be Rs (50,300 - 1,006) = Rs 49,294.
Therefore, the amount to be paid by A to C will be Rs 49,294.
Summary:
- The original amount of the bill drawn by A on B is Rs 50,000.
- A endorsed the bill to C in full settlement of Rs 50,500.
- Noting charges of Rs 200 were incurred when the bill was returned dishonored.
- The net amount payable by C to A after deducting the noting charges is Rs 50,300.
- A wants to pay the amount to C at a 2% discount.
- The discount amount is Rs 1,006.
- Therefore, the final amount payable by A to C will be Rs 49,294.
Given:
- A draws a bill on B for Rs 50,000.
- A endorses it to C in full settlement of Rs 50,500.
- Noting charges of Rs 200 as the bill returned dishonored.
- A wants to pay the amount to C at a 2% discount.
Step 1: Calculate the amount payable by B to A
The original amount of the bill drawn by A on B is Rs 50,000. Therefore, the amount payable by B to A is Rs 50,000.
Step 2: Calculate the amount payable by C to A
A endorsed the bill to C in full settlement of Rs 50,500. This means C will receive Rs 50,500 from A.
Step 3: Account for the noting charges
The bill was returned dishonored and noting charges of Rs 200 were incurred. Since the dishonor was not due to C, these noting charges will be borne by A.
Step 4: Calculate the net amount payable by C to A
The net amount payable by C to A after deducting the noting charges will be Rs (50,500 - 200) = Rs 50,300.
Step 5: Calculate the discount amount
A wants to pay the amount to C at a 2% discount. The discount amount will be 2% of Rs 50,300.
Discount = (2/100) * 50,300 = Rs 1,006
Step 6: Calculate the final amount payable by A to C
The final amount payable by A to C after deducting the discount will be Rs (50,300 - 1,006) = Rs 49,294.
Therefore, the amount to be paid by A to C will be Rs 49,294.
Summary:
- The original amount of the bill drawn by A on B is Rs 50,000.
- A endorsed the bill to C in full settlement of Rs 50,500.
- Noting charges of Rs 200 were incurred when the bill was returned dishonored.
- The net amount payable by C to A after deducting the noting charges is Rs 50,300.
- A wants to pay the amount to C at a 2% discount.
- The discount amount is Rs 1,006.
- Therefore, the final amount payable by A to C will be Rs 49,294.
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A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:?
Question Description
A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:? covers all topics & solutions for B Com 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 Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:?.
A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:? covers all topics & solutions for B Com 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 Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:?.
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A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:?, a detailed solution for A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:? has been provided alongside types of A draws a bill on B for Rs 50,000. A endorsed it to C in full settlement of Rs50,500. Noting charges of Rs 200 as the bill returned dishonoured. A want to pay theamount to C at 2 % discount. The amount to be paid by A to C will be:? theory, EduRev gives you an
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