alleryStart learning →A factor advances 80% against an invoice of Rs 10,00,000. What is paid upfront?
ARs 2,00,000
BRs 5,00,000
CRs 9,00,000
DRs 8,00,000
Answer & Solution
Correct answer: D. Rs 8,00,000
The advance is 80% of Rs 10,00,000, which is Rs 8,00,000; the balance is held back until the debtor pays.
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