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A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:
- a)Rs.98,000
- b)Rs.98,980
- c)Rs.99,000
- d)Rs.99,980
Correct answer is option 'B'. Can you explain this answer?
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A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bi...
Calculation of Cheque Amount after Discount
Step 1: Calculation of amount after noting charges
The amount after adding noting charges is Rs. 1,00,000 + Rs. 1,000 = Rs. 1,01,000
Step 2: Calculation of amount after deducting discount
The discount is 2% of Rs. 1,01,000 = Rs. 2,020
Therefore, the amount after deducting discount is Rs. 1,01,000 - Rs. 2,020 = Rs. 98,980
Hence, the cheque amount after discount is Rs. 98,980. Option 'B' is the correct answer.
Step 1: Calculation of amount after noting charges
The amount after adding noting charges is Rs. 1,00,000 + Rs. 1,000 = Rs. 1,01,000
Step 2: Calculation of amount after deducting discount
The discount is 2% of Rs. 1,01,000 = Rs. 2,020
Therefore, the amount after deducting discount is Rs. 1,01,000 - Rs. 2,020 = Rs. 98,980
Hence, the cheque amount after discount is Rs. 98,980. Option 'B' is the correct answer.
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Community Answer
A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bi...
Amount of bill =1,00,000
Noting charges borne bt holder of bill=1000
And all the amount is paid by single cheque... at 2% discount..
Therefore (100000+1000)-2%=98980
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A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. Can you explain this answer?
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A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. 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 A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. 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 A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. Can you explain this answer?.
A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. 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 A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. 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 A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. Can you explain this answer?.
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ample number of questions to practice A draws a bill on B for Rs. 1,00,000. A endorsed the bill to C. the bill return dishonoured. Noting charges Rs. 1,000. B request A to accept the amount at 2% discount by a single cheque. The cheque amount will be:a)Rs.98,000b)Rs.98,980c)Rs.99,000d)Rs.99,980Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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