Tag: dishonour of a bill

Questions Related to dishonour of a 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?

  1. $4,300$

  2. $4,000$

  3. $4,100$

  4. $5,000$


Correct Option: A