CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

For mutual accommodation of Mita and Rita, Rita accepted a bill drawn on her byMita for ₹ 7,500. The said bill is discounted by Mita at ₹ 7,400 and remitted 1/3rd ofthe proceeds to Rita. To honour the bill, the amount to be paid by Mita to Rita on thedue date will be: