A bill Of Rs 40000 was discounted by p with his bank for 39000 at maturity the bill returned dishonored noting charges amounted to 500 how much amount will the bank deduct from p‘s bank balance at the time of such dishonor?
A. Rs40000
B. Rs39000
C. Rs 39500
D. 40500
Answer:D
A bill Of Rs 40000 was discounted by p with his bank for 39000 at maturity the bill returned dishonored noting charges amounted to 500 how much amount will the bank deduct from p‘s bank balance at the time of such dishonor?
A. Rs40000 B. Rs39000 C. Rs 39500 D. 40500