Practice free →
Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Dissolution of a Partnership Firm › Debtors of Rs.21,500 are realised at a 5% discou…

Debtors of Rs.21,500 are realised at a 5% discount. How much is received?

ARs.20,000
BRs.20,500
CRs.20,425
DRs.21,000
Answer & Solution
Correct answer: C. Rs.20,425
21,500 less 5% (1,075) leaves 20,425.
Solve this in the app — CBSE Class 12 (Commerce) practice & 24k+ MCQs →
Related questions