A DRAWS A BILL ON B FOR RS 30000. A WANTS TO ENDORSE IT TO C IN SETTLEMENT OF RS 35000 AT 2% DISCOUNT WITH THE HELP OF B'S ACCEPTANCE AND BALANCE IN CASH HOW MUCH CASH A WILL PAY TO B ????????????
PLZ SOLVED THIS
A DRAWS A BILL ON B FOR RS 30000. A WANTS TO ENDORSE IT TO C IN SETTLEMENT OF RS 35000 AT 2% DISCOUNT WITH THE HELP OF B'S ACCEPTANCE AND BALANCE IN CASH HOW MUCH CASH A WILL PAY TO B ????????????
PLZ SOLVED THIS
In my opinion...........
actually A has to pay 4300 [(35000-2%)-30000] in cash to C.
So A gives 25700 (30000-4300) to B.
CAclubindia
