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Question
Nisha’s acceptance for ₹ 16,850 sent to bank for collection was honoured and bank charges debited were ₹ 125. Find out the amount actually received by Drawer.
Solution
Bill of ₹ 16,850 sent to bank for collection and it is honoured and bank charges = ₹ 125
So, actual amount received by drawer = 16,850 – 125
= ₹ 16,725.
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