Question

Mohan who owed Rs 2,000 to the firm, declared himself insolvent and his official receiver paid Rs 1,200 in

full settlement of the amount due from him.​

Answer 1

Answer:

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Answer 2

Answer:

2000 to be paid by mohan.

insolvent :- in a position of not paying his debts.

1200 paid

so...2000

- 1200

= 800

so 800 rs is the discount allowed to mohan and he paid 1200rs

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