Solve sum no. 11 and show all workings clearly
Dear Student
Working note
1. A took over half stock at 20% more than value= 40,000× 50%× 120%= 22000
2. A took half investment at 10% discount = 10,000 ×50%× 90%= 4500
3.Discount received on Payment Creditors = 20,000 x 12% ×1/12= Rs. 200
4. Discount received on Payment to Bills Payable = 10,000 x 12% x 1/12 = 100
Regards
Working note
1. A took over half stock at 20% more than value= 40,000× 50%× 120%= 22000
2. A took half investment at 10% discount = 10,000 ×50%× 90%= 4500
3.Discount received on Payment Creditors = 20,000 x 12% ×1/12= Rs. 200
4. Discount received on Payment to Bills Payable = 10,000 x 12% x 1/12 = 100
Regards