Question:
A bill of \( \₹ 50,000 \) was dishonoured and bank charges of \( \₹ 500 \) were paid by the holder. The total amount recoverable from the acceptor is:
A bill of \( \₹ 50,000 \) was dishonoured and bank charges of \( \₹ 500 \) were paid by the holder. The total amount recoverable from the acceptor is:
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Noting charges are always borne by the acceptor when the bill is dishonoured.
Updated On: May 31, 2026
- \( \₹ 49,500 \)
- \( \₹ 50,000 \)
- \( \₹ 50,500 \)
- \( \₹ 51,000 \)
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Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Concept:
When a bill is dishonoured, noting charges paid by the holder are also recoverable from the acceptor.
Step 1: Add bill amount and noting charges.
\[ \text{Recoverable Amount} = 50,000 + 500 \] \[ = 50,500 \] Hence, \[ \boxed{\₹ 50,500} \]
Step 1: Add bill amount and noting charges.
\[ \text{Recoverable Amount} = 50,000 + 500 \] \[ = 50,500 \] Hence, \[ \boxed{\₹ 50,500} \]
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