Question

Mukund draws a bill on mishra for Rs 14,000 at
3 months an ist January 2009.mishore accepts
the bill and returns into mukund. The bill is
sent to bank for collection on the date of
maturity mishra find himself ounable to
make payament payment and requests mukund
to renew the bill mukund accepts the charges
th propesnalan condition that mishra should
pay Rs.col.including noting charges of
as lool and accept anew bill at one month
for the balance on is after renewal mishra
retires the bill by paying Rs. 69501-.​

Answer 1

Answer:

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