A draws a bill on B for Rs. 1, 50, 000 for 3 months. At maturity, the bill returned dishonoured, noting charges Rs. 1, 500. 40 paise in a rupee is recovered from B's estate. The amount of deficiency to be recorded on insolvency in the books of B will be

Total amount recoverable from B's estate   =Rs (150,000+1500)                                                                               =Rs 151,500 Amount recovered                                            =40% of 151500                                                                              =60,600 Amount of deficiency to be written off           = Rs (151,500-60,600)                                                                              = Rs 90,900