Question

‘A’ has discounted 3 months bill @ 10% p.a. from bank and given credit of 11,700. On due date, the bill was dishonoured and noting charges of Rs.50 was paid by bank. The amount by which A’s A/c will be debited by bank is__________ a) 13050 b) 12050 c) 11000 d) None

Answer 1

A’ has discounted 3 months bill @ 10% p.a. from bank and given credit of 11,700. On due date, the bill was dishonoured and noting charges of Rs.50 was paid by bank. The amount by which A’s A/c will be debited by bank is__________

answer os c