Question

16. The value of trade creditors is Rs. 6000, create a reserve to Discount on
creditors at 1% then the amount of reserve for discount on creditori
Rs. 60
Rs. 70
Rs. 80
Rs. 90
17. The Sundry Debtors amounting to Rs. 18000. Create a reserve for discount
on debtors @ 2% then the amount of reserve for discount on debtors is
360
375
380
390
18. Charge Interest on drawings at 5% per annum for six months for the
drawings amounting to Rs. 15000, then the amount of interest on drawings is
Rs. 375
Rs. 385
Rs. 395
Rs. 400​

Answer 1

Answer:

16. The value of trade creditors is Rs. 6000, create a reserve to Discount on

creditors at 1% then the amount of reserve for discount on creditori

Rs. 60 ✔

Rs. 70

Rs. 80

Rs. 90

17. The Sundry Debtors amounting to Rs. 18000. Create a reserve for discount

on debtors @ 2% then the amount of reserve for discount on debtors is

360 ✔

375

380

390

18. Charge Interest on drawings at 5% per annum for six months for the

drawings amounting to Rs. 15000, then the amount of interest on drawings is

Rs. 375 ✔

Rs. 385

Rs. 395

Rs. 400

hope it helps..