The following are the transactions that took place between X and Y during the period from...
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The following are the transactions that took place between X and Y during the period from 1st October, 2020 to 31st March, 2021: 2020 Oct. 1 Oct 18 Nov. 16 Dec.7 2021 Jan. 3 Feb. 4 Mar. 21 Mar.28 Balance due to X by Y Goods sold by X to Y Goods sold by Y to X (invoice dated November, 26) Goods sold by Y to X (invoice dated December, 17) Promissory note given by X to Y, at three months Cash paid by X to Y Goods sold by X to Y Goods sold by Y to X (invoice dated April, 8) 3,000 2,500 4,000 3,500 5,000 1,000 4,300 2,700 Draw up an Account Current up to March 31st, 2021 to be rendered by X to Y, charging interest at 10% per annum. Interest is to be calculated to the nearest rupee. The following are the transactions that took place between X and Y during the period from 1st October, 2020 to 31st March, 2021: 2020 Oct. 1 Oct 18 Nov. 16 Dec.7 2021 Jan. 3 Feb. 4 Mar. 21 Mar.28 Balance due to X by Y Goods sold by X to Y Goods sold by Y to X (invoice dated November, 26) Goods sold by Y to X (invoice dated December, 17) Promissory note given by X to Y, at three months Cash paid by X to Y Goods sold by X to Y Goods sold by Y to X (invoice dated April, 8) 3,000 2,500 4,000 3,500 5,000 1,000 4,300 2,700 Draw up an Account Current up to March 31st, 2021 to be rendered by X to Y, charging interest at 10% per annum. Interest is to be calculated to the nearest rupee.
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Related Book For
Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
Posted Date:
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