Question

cash paid to creditor in full settlerent RS 47000​

Answer 1

ERROR

TRY AGAIN

RESULTS-POINTS

Answer 2

Cash + Stock + Debtors =Commission +Capital 75000 +25000 + 0 =0 +1000000 -20000 +25000 =0 +50005000 +0 +0 =5000 +080000 +5000 +25000 =5000 +105000110000 = 110000Here goods are sold at 25000 so only debtors and the profit 5000 is added to capital.Also commission received in advance is a liability.

Hope you understand.