Question

A sold goods to B for `10,000 on December 10, 2016 and drew a bill for the same amount payable
after 3 months. The bill was accepted by B which was later discounted for `9,500 by A on January
02, 2017.On the due date bill was dishonored. B paid `4,200 immediately including `200 as interest
and accepted a new bill for `6,000. The new bill was endorsed by A to C, one of his creditor for
`6,000.The new bill was duly met by B.

Answer 1

Answer:

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Explanation:

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