Question

In a shop, there was a discount of 10% on purchase of 1 book, a discount of 20% on purchase of 2 books, a discount of 30% on purchase of 3 books and a discount of 40% on purchase of 4 or more books. John purchased 2 books and Javed purchased 5 books. If the cost of all the books is the same and John spent Rs. 104, how much money did Javed save in the purchase?​

Answer 1

Step-by-step explanation:

sharing profit and losses in the

ratio of 2:1:1. Their Balance Sheet on the date of dissolution was as follows:

Balance Sheet as on 31.3.2018

Liabilities

Assets

20,000 Bank

8.000

Loan from Appu

5,000 Debtors

20,000

2,000 Stock

25,000

PALAC

6,000 Furniture

10,000

Capitals

Appu

20.000 Machinery

15.000

Abhi

15.000

Alansh

10.000

78.000

78.000

The following information is available:

a) The assets were realized as follows:

Debtors realized at 10% less and stock realized 10% more than the book

value

by Furniture was taken over by Appu at an agreed value of 8000.

Machinery was taken over by Abhi at ?12000,

d) Creditors were paid off at a discount of 5% each

c) Cost of dissolution amounted to 500

Prepare: a. Realisation A/C

b. Partners Capital Accounts and

RA