John. Thomas and David arc partners in a firm. Thomas decides to retire from the firm. On thedate of retirement Rs 80,000 becomes due to him. John and David promises him to pay the amount infour equal yearly instalments plus interest @ 12% per annum on the unpaid balance. PrepareThomas’s Loan A/c.(5 mark) find the third year cash payment amount
a) 27200
b) 26900
c) 24800
d) 22400
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it's very big I am not able to
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Answer:
b) 26900
Explanation:
Very good Answer'
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