Question

On 1st Jan are sold goods to b for rupees 80000 B gave to A rupees 20000 by cheque and accept 3 bills of exchange first for rupees 10000 for one months second fo rupees 20000 for 2 months and third for rupees 30000 for 3 months (A) endorsed first bill to his creditor (C) in full settlement of his account of rupees 10500 on 4th Jan (A) discounted second bill from his bank at a discount of 12% Pa on the dates all the bill was dishonoured. noting charges rupees 100, rupees 200 and rupees 300 respectively​

Answer 1

Answer:

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