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Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are to be shared equally. Mohan got the bill discounted @ 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be:
  • a)
    Rs. 24,250
  • b)
    Rs. 25,000
  • c)
    Rs. 16,167
  • d)
    Rs. 32,333
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are t...
50000 × 12% ×3/12=1500=50000-1500 =48500(All partners equally)=48500/2 =24250.
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Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are t...
50000 × 12% ×3/12=1500=50000-1500 =48500(All partners equally)=48500/2 =24250.
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Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are t...
50000 interest rate is 12 percent so deduct 12 percent for 3 months as time is not given when discounted so assume 3 months now it comes to 1500 50000-1500=4850half of it is 24250
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Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are to be shared equally. Mohan got the bill discounted @ 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be:a)Rs. 24,250b)Rs. 25,000c)Rs. 16,167d)Rs. 32,333Correct answer is option 'A'. Can you explain this answer?
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Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are to be shared equally. Mohan got the bill discounted @ 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be:a)Rs. 24,250b)Rs. 25,000c)Rs. 16,167d)Rs. 32,333Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are to be shared equally. Mohan got the bill discounted @ 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be:a)Rs. 24,250b)Rs. 25,000c)Rs. 16,167d)Rs. 32,333Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohan drew a bill on Shyam for Rs. 50,000 for 3 months. Proceeds are to be shared equally. Mohan got the bill discounted @ 12% p.a. and remits required proceeds to Shyam. The amount of such remittance will be:a)Rs. 24,250b)Rs. 25,000c)Rs. 16,167d)Rs. 32,333Correct answer is option 'A'. Can you explain this answer?.
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