Question

1 Started business with cash Rs 100000 stock Rs 60000 and capital Rs 140000 2 1/3 of the above goods sold to Mr Mohan at a porfit of 20% on cost. 30% payment were received in cash 3 Mohan returned 10% of the goods sold to him 4 Mohan become insolvent and only 10 paise in a rupees could be received form his legal estate. 5 Goods list price Rs 10000 was purchased from Mr Y at Rs 9000 6 Salary due Rs 7000 out of which 5000 were paid during the year. 7 Received an order of Rs 20000 from Ram for goods supplied and also received Rs 5000 as an advance 8 Provide interest on capital @ 5% on opening capital for 3 months. 9 paid to Y Rs 5440 after deducting 2.5% cash discount ​

Answer 1

Answer:

Answer is 20000 2.5/ discount Y after