Shalini Ltd. purchased the business of Mr. Venkat. Shalini Ltd. did not take over the debtors and
Question:
Shalini Ltd. purchased the business of Mr. Venkat. Shalini Ltd. did not take over the debtors and creditors of Mr. Venkat amounted to ₹65,000 and ₹40,000 respectively, but it promised to collect from debtors and pay to creditors. Shalini Ltd. collected ₹61,500 from debtors and paid all creditors ₹38,800. Calculate the net amount due to Mr. Venkat assuring that same set of books is continued.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Start with the initial amounts Debtors from Mr Venk...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
