Question

(A) Ayub informs Maharaja that Sadashiv's acceptance for 2,000 endorsed to Ayub has been dishonoured and the noting charges have amounted to 50. (B) Pankaj renews his acceptance to Maharaja for 1,200 by paying 400 cash and accepting a fresh bill for the balance plus interest at 12% p.a. for 3 months. (C) Vaibhav's acceptance to Maharaja for 6,000 is retired one month before the due date at a discount of 12% p.a. (D) The bank informs Maharaja that Kasam's acceptance for 2,000 to Maharaja, discounted with the bank earlier has been dishonoured and the noting charges have amounted to 40.​

Answer 1

Answer:

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Answer 2

Answer:

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