Question

to Hooda at a trade discount of 2%.
Sold goods worth * 25,000 to Nitish at a cash discount of 4%, cheque was received on the spot
Jan. 12. Goods of the selling price of 3 20,000 were sold at á trade discount of 5% and cash discount 2%,
Jan
8
22. Enter the following transactions in the books of Mulayam Singh :
payment received by cheque.
2015
Mar. 1.
Mar.
2.
Mar. 8.
Mar. 9.
Mar. 15.
Received 1,900 from Mayawati and allowed her discount 100.
Paid 2,400 to Mishra and availed a discount of 100.
Received 3,950 from Amar Singh in full settlement of his account of 4,000.
Paid 4,390 to Akhilesh by cheque in full settlement of his account of 4,500.
Suresh Yadav, who owed 5,000, paid the amount by bank draft in full settlement of his account, by availing
3% cash discount.
Mar. 16. Dalip Yadav to whom 6,000 was payable, his account settled by receiving a discount of 1.5%
Mar. 23. Paid 2,400 by cheque to Ravi, availing a discount of 4%.
Mar. 24. Received 6,860 from Santosh, allowing her 2% cash discount.
Hints : Cash discount given in percentage is calculated on the amount receivable/payable
(not on the amount received or paid). But when cash received/paid is given, the discount is
calculated as follows:
Rate
Discount = Amount Received/paid x
100 - Rate​

Answer 1

Answer:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.