Question

a Of both the parties. 11. Keshav bought from Ram Prasad goods worth 550 on a credit of 3 months. Allowing discount of 50 to Keshav, Ram Prasad drew on him a bill for the balance, Keshav duly accepted the bi and returned it to the drawer who discounted it with his banker at 6% p.a. On the due date the bill was dishonoured. The banker had to spend 12 for noting, etc. The bill was taken over Ram Prasad from the banker
​

Answer 1

Answer:

11. Keshav bought from Ram Prasad goods worth 550 on a credit of 3 months. Allowing discount of 50 to Keshav, Ram Prasad drew on him a bill for the balance, Keshav duly accepted the bi and returned it to the drawer who discounted it with his banker at 6% p.a. On the due date the bill was dishonoured. The banker had to spend 12 for noting, etc. The bill was taken over Ram Prasad from the banker