Siddhant sold goods to sudhir of rs. 43800 on 18th march, 2019.siddhant draws a bill on sudhir on the same day for re. 48,800 for 3 months which was duly accepted by sudhir. Siddhant discounted the bill on the same day at 8% p.a.the bill was Dishonoured on the due date and sudhir requested siddhant to accept rs. 13,800 and interest in cash on remaining amount at 12% p.a. siddhant agreed and for the balance amount accepted a new bill at 2 months. Before the due date of new bill sudhir retired the bill by paying rs. 29,700
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Siddhant discounted the bill on the same day at 8% p.a.the bill was Dishonoured on the due date and sudhir requested siddhant to accept rs. 13,800 and interest in cash on remaining amount at 12% p.a. siddhant agreed and for the balance amount accepted a new bill at 2 months.
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