Question

ramesh sold goods to suresh 40000 on 1st october 2020.suresh paid rs 2000 in cash and ramesh drew two bills for the balance.first for rs.10000 for two months and second rs10000 for one month.both the bills were accepted by suresh. ramesh discounted the first bill from the bank 12%p.a. and this bill was duly met on maturity. ramesh sent the second bill to his bank for collection.this bill was dishonoured on the due date and bank paid rs.50 as noting chargers​

Answer 1

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