help me in accounts question :)

Parul accepted a bill for 90 days of rs 10000 drawn by rahul on 10 Feb 2006.On 18th march 2006,parul wished to retire the bill,rahul offered rebate @ 12%p.a considering the year of 360 days rebate amount will be ? answer is 180 who to solve this question ?

ans to ur 1st ques. c retires, his share of 3/12 will be shared by A and B in 4:3. so A will get 3/12*4/7=12/84... similarly B wil get 3/12*3/7=9/84

so new share of A will be 5/12+12/84 = 47/84 and new share of B will be 4/12+9/84 = 37/84

Hence new ratio between A and B is 47:37

the above bill accepted by Parul will become due on 11th may 2006(90 days credit period). Bt the bill is retired on 18th march 2006, so Rahul will have to give a rebate on 10000rs fr 54 days(18th march2006 to 11th may2006).

Hence rebate wil be Rs 10000*12%*54/360 = Rs 180/=

Nikhil, I guess you should learn some english.

don't say bad 2 any one sir