B. Mr. A owed Rs. 4,000 on 1st January, 2016 to Mr. X. The following transactions took place between them. It is agreed between the parties that interest @10% p.a. is to be calculated on all transactions. are Rurenas Rs. 15 January, 2016 Mr.X sold goods to Mr. A 2,230 29, January, 2016 Mr. X bought goods from Mr. A 1,200 10 February, 2016 Mr. A paid cash to Mr. X 1,000 13 March, 2016 Mr. A accepted a bill drawn by Mr.X for one month 2,000 They agree to settle their complete accounts by one single payment on 15th March, 2016. Prepare Mr. A in Account Current with Mr. X and ascertain the amount to be paid. Ignore days of grace.
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