Question

Shridhar owed Rs. 24,000 to Giridhar, hence accepted a bill drawn on him by Giridhar at 3 monthson 12 March, 2013. On the same date Giridhar endorsed it to MurlidharOn 12 June, 2013 Shridhar requested Giridhar for the renewal of the bill, Giridhar agreed on thecondition that Shridhar should pay half the amount due immediately by cheque and should accept abill for the balance along with interest @10% p.a for 2 months.These arrangements were carried through. On the same date Giridhar sent the new bill to the bankfor collection. On the due date, the new bill was honoured and bank charges debited were Rs. 100​

Answer 1

Explanation:

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Answer 2

Answer:

Shridhar owed Rs. 24,000 to Giridhar, hence accepted a bill drawn on him by Giridhar at 3 monthson 12 March, 2013. On the same date Giridhar endorsed it to MurlidharOn 12 June, 2013 Shridhar requested Giridhar for the renewal of the bill, Giridhar agreed on thecondition that Shridhar should pay half the amount due immediately by cheque and should accept abill for the balance along with interest @10% p.a for 2 months.These arrangements were carried through. On the same date Giridhar sent the new bill to the bankfor collection. On the due date, the new bill was honoured and bank charges debited were Rs. 100

Explanation:

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