Bills of exchange

A draws a bill on B for ₹4500 for mutual accommodation in the ratio 2:1.A got it discounted at ₹4230 and remitted 1/3rd of the proceeds to B.At the time of maturity,how much amount A should remit to B such that B can pay off the bill?

Ans for this problem is 3000 

Can anyone plz explain me this problem ? 

Replies (1)
benefit of bill shared by both the parties in 2:1. so discount amount also to be shared by both the parties in the same ratio.
i.e A enjoyed the benefit of 2/3 of 4500. so on maturity he has the obligation for his share of total bill. i.e. 3,000.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details