A bill of Rs.5000 is discounted with the banker for Rs.4750. The bill is dishonored at maturity. The drawee pays 60% of his acceptance. What is the amount of bad debts?

Rs 1000

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Rs 3000

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Rs 2000

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Rs 1500

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Solution

The correct option is C
Rs 2000

Total amount due=Rs.5000

Amount received from drawee 5000*60/100 = Rs.3000

Bad debts=5000−3000=Rs.2000

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A bill of Rs.5000 is discounted with the banker for Rs.4750. The bill is dishonored at maturity. The drawee pays 60% of his acceptance. What is the amount of bad debts?

The correct option is C Rs 2000 Total amount due=Rs.5000 Amount received from drawee 5000*60/100 = Rs.3000 Bad debts=5000−3000=Rs.2000

The correct option is C
Rs 2000

Total amount due=Rs.5000

Amount received from drawee 5000*60/100 = Rs.3000

Bad debts=5000−3000=Rs.2000