A DRAWS A BILL ON B FOR RS 30000. A WANTS TO ENDORSE IT TO C IN SETTLEMENT OF RS 35000 AT 2% DISCOUNT WITH THE HELP OF B'S ACCEPTANCE AND BALANCE IN CASH HOW MUCH CASH A WILL PAY TO B ????????????
PLZ SOLVED THIS
kushal goenka (student) (156 Points)
13 August 2011A DRAWS A BILL ON B FOR RS 30000. A WANTS TO ENDORSE IT TO C IN SETTLEMENT OF RS 35000 AT 2% DISCOUNT WITH THE HELP OF B'S ACCEPTANCE AND BALANCE IN CASH HOW MUCH CASH A WILL PAY TO B ????????????
PLZ SOLVED THIS
vishnupriya
(CA Final)
(1418 Points)
Replied 13 August 2011
In my opinion...........
actually A has to pay 4300 [(35000-2%)-30000] in cash to C.
So A gives 25700 (30000-4300) to B.
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