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A creditor owed Rs.10,000 takes Rs.8,000 equipment, rest in cash. Bank credit?
ARs.18,000
BRs.2,000
CRs.10,000
DRs.8,000
Answer & Solution
Correct answer: B. Rs.2,000
Only the cash part, 10,000 minus 8,000, is paid, so Bank is credited with Rs.2,000.
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