Bill of exchange (trade bill) Online Tests

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

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?

$4,300$
$4,000$
$4,100$
$5,000$

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