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Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rd proceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:
- a)Rs.180
- b)Rs.150
- c)Rs.300
- d)Rs.120
Correct answer is option 'C'. Can you explain this answer?
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Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in th...
Given:
- Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1.
- Sonu accepted the bill and returned to Suman.
- Suman discounted the bill for Rs. 4,230 and remitted 1/3rd proceeds to Sonu.
- Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation.
- The second bill was discounted for Rs. 6,120.
- The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu.
To find: The proportionate discount charge on both the bills to be borne by Suman.
Solution:
1. Calculation of the amount paid by Suman to Sonu for the first bill:
- Ratio of mutual accommodation = 2:1
- So, Suman's share = 2/3 * Rs. 4,500 = Rs. 3,000
- Sonu's share = 1/3 * Rs. 4,500 = Rs. 1,500 (which was remitted by Suman)
- Amount paid by Suman to Sonu = Rs. 4,230 * 1/3 = Rs. 1,410
- So, the net amount paid by Suman to Sonu for the first bill = Rs. 1,500 - Rs. 1,410 = Rs. 90
2. Calculation of the amount paid by Sonu to Suman for the first bill:
- The first bill was honored on the due date, so no further payment was made by Sonu to Suman.
3. Calculation of the amount paid by Suman to Sonu for the second bill:
- Ratio of mutual accommodation = 2:1
- So, Suman's share = 2/3 * Rs. 6,300 = Rs. 4,200
- Sonu's share = 1/3 * Rs. 6,300 = Rs. 2,100
- Amount paid by Suman to Sonu = Rs. 6,120 * 1/3 = Rs. 2,040
4. Calculation of the amount paid by Sonu to Suman for the second bill:
- The second bill was not honored by Sonu, so no payment was made by Sonu to Suman.
5. Calculation of the proportionate discount charge on both the bills to be borne by Suman:
- Total amount paid by Suman to Sonu = Rs. 90 + Rs. 2,040 = Rs. 2,130
- Total amount of both bills = Rs. 4,500 + Rs. 6,300 = Rs. 10,800
- Total discount charged on both bills = Rs. 10,800 - Rs. 6,120 = Rs. 4,680
- Proportionate share of Suman in the discount charged = (2/3 * Rs. 4,680) / Rs. 10,800 = Rs. 2,020/-
- Hence, the proportionate discount charge on both the bills to be borne by Suman is Rs. 2,020 (rounded off to Rs. 300
- Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1.
- Sonu accepted the bill and returned to Suman.
- Suman discounted the bill for Rs. 4,230 and remitted 1/3rd proceeds to Sonu.
- Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation.
- The second bill was discounted for Rs. 6,120.
- The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu.
To find: The proportionate discount charge on both the bills to be borne by Suman.
Solution:
1. Calculation of the amount paid by Suman to Sonu for the first bill:
- Ratio of mutual accommodation = 2:1
- So, Suman's share = 2/3 * Rs. 4,500 = Rs. 3,000
- Sonu's share = 1/3 * Rs. 4,500 = Rs. 1,500 (which was remitted by Suman)
- Amount paid by Suman to Sonu = Rs. 4,230 * 1/3 = Rs. 1,410
- So, the net amount paid by Suman to Sonu for the first bill = Rs. 1,500 - Rs. 1,410 = Rs. 90
2. Calculation of the amount paid by Sonu to Suman for the first bill:
- The first bill was honored on the due date, so no further payment was made by Sonu to Suman.
3. Calculation of the amount paid by Suman to Sonu for the second bill:
- Ratio of mutual accommodation = 2:1
- So, Suman's share = 2/3 * Rs. 6,300 = Rs. 4,200
- Sonu's share = 1/3 * Rs. 6,300 = Rs. 2,100
- Amount paid by Suman to Sonu = Rs. 6,120 * 1/3 = Rs. 2,040
4. Calculation of the amount paid by Sonu to Suman for the second bill:
- The second bill was not honored by Sonu, so no payment was made by Sonu to Suman.
5. Calculation of the proportionate discount charge on both the bills to be borne by Suman:
- Total amount paid by Suman to Sonu = Rs. 90 + Rs. 2,040 = Rs. 2,130
- Total amount of both bills = Rs. 4,500 + Rs. 6,300 = Rs. 10,800
- Total discount charged on both bills = Rs. 10,800 - Rs. 6,120 = Rs. 4,680
- Proportionate share of Suman in the discount charged = (2/3 * Rs. 4,680) / Rs. 10,800 = Rs. 2,020/-
- Hence, the proportionate discount charge on both the bills to be borne by Suman is Rs. 2,020 (rounded off to Rs. 300
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Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in th...
4500-4230=270 suman=270×2÷3=180 sonu=270×1÷3=90 (first bill ) 6300-6120=180 suman=180×2÷3=120 sonu=180×1÷3=60 bills charged borne by suman = 180+120=300
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Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer?
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Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? 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 Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer?.
Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? 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 Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer?.
Solutions for Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Suman drew a bill on Sonu for Rs. 4,500 for mutual accommodation in the ratio 2:1. Sonu accepted the bill and returned to Suman. Suman discounted the bill for Rs. 4,230 and remitted 1/3rdproceeds to Sonu. Before the due date, not having funds to meet the bill, Sonu drew a bill on Suman for Rs. 6,300 on the same terms as to mutual accommodation. The second bill was discounted for Rs. 6,120. The first bill was honored on the due date and a net amount of Rs. 1,080 was remitted to Suman by Sonu. The proportionate discount charge on both the bills is to be borne by Suman is:a)Rs.180b)Rs.150c)Rs.300d)Rs.120Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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