Dissolution- Creditors were payable after 2 months They were paid immediately at 10% discount In b/s creditors given-80,000 - Accountancy - Dissolution of Partnership Firm

Question

Dissolution-
Creditors were payable after 2 months They were paid immediately at
10% discount
In b/s creditors given-80,000
What will be the amount that will be paid to the creditors?
a) Is it 72000(80000-8000)
b) 80000×10/100×2/12=1334
= 78666(80000-1334)
Which is the right one?

Neha A. · Accepted Answer

Yes Amit, since the words 'per annum' are not suffixed with the
rate given, therefore the discount will be Rs 8,000 and payment
made will be of Rs 72,000

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Dissolution- Creditors were payable after 2 months. They were paid immediately at 10% discount. In b/s creditors given-80,000 What will be the amount that will be paid to the creditors? a) Is it 72000(80000-8000) b) 80000×10/100×2/12=1334 = 78666(80000-1334) Which is the right one?

Dissolution-
Creditors were payable after 2 months. They were paid immediately at 10% discount.
In b/s creditors given-80,000
What will be the amount that will be paid to the creditors?
a) Is it 72000(80000-8000)
b) 80000×10/100×2/12=1334
= 78666(80000-1334)
Which is the right one?