Question

Creditors of ₹ 30,000 and Bills Payable of ₹ 10,000 were due on an average basis of one month after 31st March, 2022 but they were paid immediately on 31st March, 2022 @ 6% discount p.a., the amount debited to Realisation Account will be ______.

Answer 1

Creditors of ₹ 30,000 and Bills Payable of ₹ 10,000 were due on an average basis of one month after 31st March, 2022 but they were paid immediately on 31st March, 2022 @ 6% discount p.a., the amount debited to Realisation Account will be ₹ 39,800.