Ajay bought goods of the value of Rs. 20,000 and consigned them to Bijay to be sold by them on a joint venture, profits being divided equally. Ajay draws a bill on Bijay for an amount equivalent to 80% of cost on consignment. The amount of bill will be

In a joint venture, when Ajay consigns goods worth Rs. 20,000 to Bijay, the bill is drawn for 80% of the cost. 80% of Rs. 20,000 equals Rs. 16,000. This represents the portion of cost that Bijay effectively owes to Ajay at the initial stage, with the balance settled after actual sales are made. Option B is the full cost, and Option C is the remaining 20%.