CA CPT Model Test Paper 2 with solutions for online practice

Mr. Om sold goods worth Rs. 2,50,000 to Mr. Jai. Mr. Jai accepted a bill on 1.11.10, payableafter 2 months. Mr. Om discounted this bill @ 18% p.a. on 15.11.10. On the due date Mr. Jaifailed to discharge the bill. Later Mr. Jai become insolvent and 50 paise is recovered fromMr. Jai’s estate. How much amount of bad debts will be recorded in the books of Om.