A bill of Rs 12,000 was discounted by X with the banker for Rs 11,880 At maturity, - Accountancy - Theory Base of Accounting

Question

A bill of Rs 12,000 was discounted by X with the banker for Rs
11,880 At
maturity, the bill returned disnonoured, nothing charges Rs 20 How
much amount
will the bank deduct from X’s bank balance at the time of
such dishonour?

Neha Chopra · Accepted Answer

Dear Student

At the time of Dishonour Bank would Deduct the total value of Bill
+ Noting Charges i e 12,000 + 20 = 12,020/- from X's Bank
balance

Regards

A bill of Rs. 12,000 was discounted by X with the banker for Rs. 11,880. At maturity, the bill returned disnonoured, nothing charges Rs. 20. How much amount will the bank deduct from X’s bank balance at the time of such dishonour?

A bill of Rs. 12,000 was discounted by X with the banker for Rs. 11,880. At
maturity, the bill returned disnonoured, nothing charges Rs. 20. How much amount
will the bank deduct from X’s bank balance at the time of such dishonour?