28. Goods costing Rs 8,000 was sold to Sumit at a Profit of 25% profit on 2 points
cost Less 10% Trade Discount & 2% Cash Discount, Sumit paid 50%
amount in cash. Cash Alc will be debited by:
O Rs 4,500
O Rs 4,410
O Rs 8,820
O
Rs 3,920
loss by fire costing Rs 10,000 (Market Value Rs 12,000) will be po
B
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Answer:
0= Rs 3,920
loss by fire costing Rs 10,000 (Market value Rs 12,000)
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