Question

Mr. Sobby draws a two months bill of Rs. 50,000 on Mr. Dobby. Dobby accepts it on 01-02-16. Sobby discounts it on 15-02-16 at 18% per annum. On the due date of bill Dobby became insolvent and 50 paise in a rupee could only be recovered from his estate. Calculate the amount of bad debt:
(a) Rs. 25,000 (b) Rs. 18,874 (c) Rs. 23,374 (d) Rs. 27,300

Answer 1

$<b1>$

The Answer is :-

[C] Rs. 18,874 ✓✓

Answer 2

Hello Friend

Ans

Option.C

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