Question

Suppliers of goods gives 10 weeks credit
Month: Jan Feb March April May June
Credit purchase : 70000, 72000, 76000,66000,70000,78000
find out payment of month April and may​

Answer 1

Answer:

66000 and 78000. these is a and

Answer 2

Answer:

The payment to be made for April will be 70,000

The payment to be made for May will be 72,000

Explanation:

The credit period given by the supplier is 10 weeks.

Converting week into months we will get approx. two and a half month time period as credit period.

• Since the First credit purchase was made in January, the due date of the first purchase will come between mid-April. Therefore, The payment of the first credit purchase i.e, 70000 will be made in April.
• Similarly, The second credit purchase was made in February therefore the due date will come in May and the amount is 72000.

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