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Machinery of Rs 1,25,000 is bought with Rs 10,000 advance in cash. The supplier becomes a creditor for:
ARs 1,25,000
BRs 1,35,000
CRs 1,15,000
DRs 10,000
Answer & Solution
Correct answer: C. Rs 1,15,000
Unpaid balance = 1,25,000 minus 10,000 cash paid = 1,15,000.
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