Question

on 1.4.1985 a company had bought certain assets from A the company under took to collect his debited amounting to rs 130000 and to pay his creditors of rs 30000 for commission of3% on the amount collected and 1% on the amount paid .the debtors realized rs 120000 only and the creditors were paid rs 28000 in full settlement A received rs50000 6% . debenture at 90% and the balance in cash

Answer 1

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