- This topic has 1 reply, 2 voices, and was last updated 4 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
A 90 Day, 12% note for Rs 20,000 dated April 10 is received from Customer on account. If the note is discounted at 15% on may 10, the amount of discount is?
a) 85
b) 515
C) 600
D) 2400Kindly tell me how to solve it and to which Topic or Accounting standard does this question relates to?
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Discounting of Note’ is closed to new replies.