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A firm held Rs 5,000 of bills receivable, got Rs 12,000 more and holds Rs 4,000 at year end. Bills collected:
ARs 13,000
BRs 11,000
CRs 21,000
DRs 3,000
Answer & Solution
Correct answer: A. Rs 13,000
Opening 5,000 plus new 12,000 is 17,000; less the closing 4,000 leaves 13,000 collected.
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