1.

Nisha’s acceptance for ₹ 16,850 sent to the bank for the collection was honoured and bank charges debited were ₹ 125. Find out the amount actually received by Drawer.

Answer»

Bill of ₹ 16,850 sent to the bank for collection and it is honoured and bank charges = ₹ 125

So, actual amount received by drawer = 16,850 – 125 = ₹ 16,725.



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