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B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.?
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B informs D that R's acceptance for Rs.3000 has been dishonoured and n...
Understanding the Scenario
In this situation, B informs D about the dishonour of R's acceptance, which amounts to Rs.3000. The dishonour incurs noting charges of Rs.40.
Transaction Breakdown
- Total Amount Due: Rs.3000
- Noting Charges: Rs.40
- Cash Received by B: Rs.1000
- Remaining Amount: Rs.3000 - Rs.1000 = Rs.2000
Bill Acceptance
- Bill Amount: Rs.2000
- Term: 3 months
- Interest Rate on Bill (B to D): 10% p.a.
Calculation of Interest for B
- Interest: Rs.2000 * (10/100) * (3/12) = Rs.50
- Total Amount Payable by D: Rs.2000 + Rs.50 = Rs.2050
Acceptance from D to R
- Amount Accepted by D from R: Rs.3000
- Term: 2 months
- Interest Rate on Acceptance (D to R): 12% p.a.
Calculation of Interest for D
- Interest: Rs.3000 * (12/100) * (2/12) = Rs.60
- Total Amount Payable by R: Rs.3000 + Rs.60 = Rs.3060
Summary
- B receives Rs.1000 cash and accepts a bill for Rs.2000 with interest.
- D accepts R's acceptance and charges interest for 2 months.
- The transactions reflect a chain of financial responsibility and interest calculations between B, D, and R.
This structured approach elucidates the flow of funds and the implications of interest rates in the transaction.
In this situation, B informs D about the dishonour of R's acceptance, which amounts to Rs.3000. The dishonour incurs noting charges of Rs.40.
Transaction Breakdown
- Total Amount Due: Rs.3000
- Noting Charges: Rs.40
- Cash Received by B: Rs.1000
- Remaining Amount: Rs.3000 - Rs.1000 = Rs.2000
Bill Acceptance
- Bill Amount: Rs.2000
- Term: 3 months
- Interest Rate on Bill (B to D): 10% p.a.
Calculation of Interest for B
- Interest: Rs.2000 * (10/100) * (3/12) = Rs.50
- Total Amount Payable by D: Rs.2000 + Rs.50 = Rs.2050
Acceptance from D to R
- Amount Accepted by D from R: Rs.3000
- Term: 2 months
- Interest Rate on Acceptance (D to R): 12% p.a.
Calculation of Interest for D
- Interest: Rs.3000 * (12/100) * (2/12) = Rs.60
- Total Amount Payable by R: Rs.3000 + Rs.60 = Rs.3060
Summary
- B receives Rs.1000 cash and accepts a bill for Rs.2000 with interest.
- D accepts R's acceptance and charges interest for 2 months.
- The transactions reflect a chain of financial responsibility and interest calculations between B, D, and R.
This structured approach elucidates the flow of funds and the implications of interest rates in the transaction.
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B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.?
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B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.?.
B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.?.
Solutions for B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? defined & explained in the simplest way possible. Besides giving the explanation of
B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.?, a detailed solution for B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? has been provided alongside types of B informs D that R's acceptance for Rs.3000 has been dishonoured and noting charges Rs.40 . B accepts Rs.1000 cash and the balance as bill at 3 months at interest of 10% D accepts from R is acceptance at 2 months interest at 12% p.a.? theory, EduRev gives you an
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