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A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?
- a)Rs. 20,000
- b)Rs. 35,000
- c)Rs. 30,000
- d)None
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes i...
Calculation of Amount Recoverable from Insolvent B
Given:
Bill amount = Rs. 50,000
Amount recoverable = 40% of the total bill amount
To calculate the amount that can be recovered from the insolvent B, we can use the following formula:
Amount recoverable = Total bill amount x (Amount recoverable in rupee/Rupee value)
Here, we can substitute the given values as follows:
Amount recoverable = Rs. 50,000 x (40/100)
= Rs. 20,000
Therefore, the amount that can be recovered from the insolvent B is Rs. 20,000 (Option A).
Conclusion
The calculation shows that only 40% of the total bill amount can be recovered due to the insolvency of B. This highlights the importance of assessing the financial stability of the parties involved before entering into any financial transactions.
Given:
Bill amount = Rs. 50,000
Amount recoverable = 40% of the total bill amount
To calculate the amount that can be recovered from the insolvent B, we can use the following formula:
Amount recoverable = Total bill amount x (Amount recoverable in rupee/Rupee value)
Here, we can substitute the given values as follows:
Amount recoverable = Rs. 50,000 x (40/100)
= Rs. 20,000
Therefore, the amount that can be recovered from the insolvent B is Rs. 20,000 (Option A).
Conclusion
The calculation shows that only 40% of the total bill amount can be recovered due to the insolvency of B. This highlights the importance of assessing the financial stability of the parties involved before entering into any financial transactions.
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Community Answer
A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes i...
1₹----0.4₹(cross multiplication trick)
50,000₹----?
=(50000×0.4)₹
=Rs.20,000
50,000₹----?
=(50000×0.4)₹
=Rs.20,000
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A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer?
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A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect 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 A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect 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 A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer?.
A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect 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 A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect 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 A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer?.
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A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A draws a bill of Rs. 50,000 and B accepts it. After this, B becomes insolvent and only 40 paisa in a rupee could be recovered. What is the amount that can be recovered?a)Rs. 20,000b)Rs. 35,000c)Rs. 30,000d)NoneCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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