Question

can anyone help with this. >o

Answer 1

Answer:

Vicky owes Rs. 12,000 to Bunty and accepts 3 months' bill drawn by Bunty who discounts theand noting charges amounted to Rs. 100. Vicky then paid 25% of the amount of the bill and full amount of noting charges by crossed cheque and accepted a new bill for the balance plus interest at 12% p. a. for 3 months. New bill was sent to the bank for collection by Bunty. On due date the bank collected the amount of the