Question

x sells good for rupees 40002 to Y on 1st January 2012 and on the same day draws a bill on y at 3 months for the amount. y accepts it and returns it to the x who discounted it on 4th January 2018 with his bank at 6% per annum. The acceptance is dishonoured on the due date and the noting charges were paid by the bank being rupees 200 on 4th April 2018 ,y accepts a new bill at 3 months for the amount then due to x together with interest at 12% per annum​

Answer 1

https://www.topperlearning.com/doubts-solutions/a-sold-goods-to-b-for-rs4-000-and-drew-a-bill-for-the-amount-due-at-3-months-for-the-amount-b-after-giving-his-acceptance-returned-the-bill-to-a-a-dis-jhr0414cc