Multiple Choice Questions on How much amount will be paid to Creditors for Rs25 000 if Rs5 000 of the creditors are not to be pai........... for Commerce 12th Preparation

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Multiple Choice Questions

How much amount will be paid to Creditors for Rs25 000 if Rs5 000 of the creditors are not to be pai...........

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    How much amount will be paid to Creditors for Rs25,000 if Rs5,000 of the creditors are not to be paid and the remaining creditors agreed to accept 5% less amount?

    Rs18,750

    Incorrect Answer

    Rs19,000

    Correct Answer

    Rs19,750

    Incorrect Answer

    Rs20,000

    Incorrect Answer
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    Explanation:

    Net creditors = 25000 - 5,000 (not paid) = Rs20,000

    payment to creditors = 20,000 - 5% of 20,000 = Rs 19,000

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