Question

31. On 1st January, 2010. Arun purchased from Barun goods invoiced 10,000. On the same date, Barun drew upon Arun a bill for the amount at 2 moot and Arun accepted the same. On 4th January, 2010, Barun got the bill discountéd w his bank @ L2% per annum. On due date, Arun told Barun that he was not in a positi to pay the full amount and requested Barun to accept 5,000 in cash and draw a bill at 2 months for the remaining amount plus interest at 15" per​

Answer 1

31. On 1st January, 2010. Arun purchased from Barun goods invoiced 10,000. On the same date, Barun drew upon Arun a bill for the amount at 2 moot and Arun accepted the same. On 4th January, 2010, Barun got the bill discountéd w his bank @ L2% per annum. On due date, Arun told Barun that he was not in a positi to pay the full amount and requested Barun to accept 5,000 in cash and draw a bill at 2 months for the remaining amount plus interest at 15" per