Question

Jan. 1 Modi started business with 2,00,000, of which he borrowed 7 50,000 from a bank.
Jan. 5 Purchased goods worth = 30,000 at a trade discount of 5%.
Jan. 6 Purchased goods worth 40,000 at a cash discount of 6%.
Jan. 7 Sold goods worth 35,000 to Hooda at a trade discount of 2%.
Jan. 8 Sold goods worth = 25,000 to Nitish at a cash discount of 4%, cheque was received
on the spot.
Jan. 12 Goods of the selling price of 7 20,000 were sold at a trade discount of 5% and cash
discount 2%, payment received by cheque.​

Answer 1

Answer:

which he borrowed 7 50,000 from a bank.

Jan. 5 Purchased goods worth = 30,000 at a trade discount of 5%.

Jan. 6 Purchased goods worth 40,000 at a cash discount of 6%.

Jan. 7 Sold goods worth 35,000 to Hooda at a trade discount of 2%.

Jan. 8 Sold goods worth = 25,000 to Nitish at a cash discount of 4%, cheque was received

on the spot.

Jan. 12 Goods of the selling price of 7 20,000 were sold at a trade discount of 5% and cash

discount 2%, payment received by cheque.

Answer 2

Explanation:

Modi start business with २००००० of which he borrowed ७५०००० from a bank