CA CPT Model Test Paper 11 with solutions for online practice

© examsiri.com
Question : 34 of 200
 
Marks: +1, -0
Ram draws on Aslam a bill for Rs. 60,000 on 1.4.2011 for 2 months. Aslam accepts the bill and sends it to Ram who gets it discounted for Rs. 58,800. Ram immediately remits Rs. 19,600 to Aslam. On due date, Ram being unable to remit the amount due and accepts a bill for Rs. 84,000 for 2 months which is discounted by Aslam for Rs. 82,200. Aslam sends Rs. 14,800 to Ram out of the same. How much discounted will be borne by Ram at the time of 14,800 remittance:
Go to Question: