The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is :
The banker's gain on a bill due 3 years hence at 4% per annum is Rs. 90. The true discount is
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?
Ascertain the appropriate missing figure from the following information :
Bills receivables as on March 31, 2018 Rs. 20,000, Bills receivables as on March 31, 2017 Rs. 16,000, Bills collected Rs. 21,000, Bills receivable of Rs. 1,00,000 discounted with a bank at a discount of Rs. 4,000, Bills receivable of Rs. 50,000 endorsed in favour of creditors. Bills receivable (which were retained ) dishonoured Rs. 25,000.