Tag: bill of exchange (trade bill)

Questions Related to bill of exchange (trade bill)

A draws a bill on B for Rs. $30,000$. A wants to endorse it to C in settlement of Rs. $35,000$ at $2\%$ discount with the help of B's acceptance and balance in cash. How much cash A will pay to B?

book keeping and accountancy bill of exchange (trade bill) dishonour of a bill dishonour of bills advantages of bill of exchange

  1. $4,300$

  2. $4,000$

  3. $4,100$

  4. $5,000$

Show answer
Correct Option: A