Mohan is a wholesaler. He sold goods of Rs.50,000 to Sohan, a retailer, on credit basis. In order to ensure his credit amount is realized, Mohan wants to take a life insurance policy on the life of Sohan. Can he do this? What will be your stand? Answer by explaining the relevant insurance principle.
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Answer:All Accountancy Dk Goel 2019 Solutions for class Class 11 Commerce ... 18, Purchased goods from Sohan for cash, 8,000 ... Enter the following transaction in the Journal of Marutinandan Stores: ... (purchased goods from Brij Mohan on credit) ... cash discount would be Rs 1,620, it would be calculated on amount paid Rs ...
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