Question

How much amount will be paid to creditor for ₹ 25,000 if ₹ 5,000 of the creditors are not to be paid

and the remaining creditors agree to accept 5% less amount?


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Answer 1

Answer:

creditors account. Dr. 19,000

cash account. Dr. 6,000

to. cash account. 19,000

to lesss. 6,000

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Answer 2

Answer:

Amt to be paid      = ₹ 19,000.00

Explanation:

Opening balance  = ₹ 25,000.00

Amt not to pay      = ₹ 5,000.00

Balance                 = ₹ 20,000.00

less 5%(1,000)      = ₹ -1,000.00

Amt to be paid      = ₹ 19,000.00