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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 251. |
Define the term 'Business Transaction'. |
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Answer» Define the term 'Business Transaction'. |
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| 252. |
Give two examples of errors of commission. |
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Answer» Give two examples of errors of commission. |
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| 253. |
M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2011 for Rs 1,00,000. On July 01, 2012 another machine costing Rs 2,50,000 was purchased. The machine purchased on April 01, 2011 was sold for Rs 25,000 on October 01, 2015. The company charges depreciation 15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2016. |
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Answer» M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2011 for Rs 1,00,000. On July 01, 2012 another machine costing Rs 2,50,000 was purchased. The machine purchased on April 01, 2011 was sold for Rs 25,000 on October 01, 2015. The company charges depreciation 15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2016.
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| 254. |
Ram owes ₹ 2,000 to Mohan on 1st January, 2018. On this date, he accepted a draft for the amount for 3 months. Mohan got the bill discounted at his bank 6% p.a. On the due date, the bill was dishonured, nothing charges ₹ 20. Ram agreed to pay ₹ 520 immediately and accept another bill for the remaining amount for 3 months together with interest at 9% p.a. This bill was met on the due tate. Give the Journal entries in the books of both the parties. |
| Answer» Ram owes ₹ 2,000 to Mohan on 1st January, 2018. On this date, he accepted a draft for the amount for 3 months. Mohan got the bill discounted at his bank 6% p.a. On the due date, the bill was dishonured, nothing charges ₹ 20. Ram agreed to pay ₹ 520 immediately and accept another bill for the remaining amount for 3 months together with interest at 9% p.a. This bill was met on the due tate. Give the Journal entries in the books of both the parties. | |
| 255. |
Shri Krishan Manufacturing Company purchased 10 machines for Rs 75,000 each on July 01, 2014. On October 01, 2016, one of the machines got destroyed by fire and an insurance claim of Rs 45,000 was admitted by the company. On the same date another machine is purchased by the company for Rs 1,25,000.The company writes off 15% p.a. depreciation on written down value basis. The company maintains the calendar year as its financial year. Prepare the machinery account from 2014 to 2017. |
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Answer» Shri Krishan Manufacturing Company purchased 10 machines for Rs 75,000 each on July 01, 2014. On October 01, 2016, one of the machines got destroyed by fire and an insurance claim of Rs 45,000 was admitted by the company. On the same date another machine is purchased by the company for Rs 1,25,000. The company writes off 15% p.a. depreciation on written down value basis. The company maintains the calendar year as its financial year. Prepare the machinery account from 2014 to 2017.
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| 256. |
Debit balance in the profit and loss account is a profit. Comment. |
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Answer» Debit balance in the profit and loss account is a profit. Comment. |
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| 257. |
A, B and C were partners sharing profits in the ratio of 2 : 2 : 1. They decided to dissolve their firm on 31st March, 2019 when the Balance Sheet was: Liabilities Amount (₹) Assets Amount (₹) Creditors 40,000 Cash 40,000 Bills Payable 46,000 Debtors 70,000 Employees’ Provident Fund 32,000 Less: Provision for Doubtful Debts 6,000 64,000 Mrs. A’s Loan 38,000 Stock 50,000 C’s Loan 30,000 Investments 60,000 Investments Fluctuation Reserve 16,000 Furniture 42,000 Capitals A/cs: Machinery 1,36,000 A 1,20,000 Land 1,00,000 B 1,00,000 Goodwill 30,000 C 1,00,000 3,20,000 5,22,000 5,22,000 Following transactions took place:(a) A took over Stock at ₹ 36,000. He also took over his wife's loan.(b) B took over half of Debtors at ₹ 28,000.(c) C took over Investments at ₹ 54,000 and half of Creditors at their book value.(d) Remaining Debtors realised 60% of their book value. Furniture sold for ₹ 30,000; Machinery ₹ 82,000 and Land ₹ 1,20,000.(e) An unrecorded asset was sold for ₹ 22,000.(f) Realisation expenses amounted to ₹ 4,000.Prepare necessary Ledger Accounts to close the books of the firm. |
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Answer» A, B and C were partners sharing profits in the ratio of 2 : 2 : 1. They decided to dissolve their firm on 31st March, 2019 when the Balance Sheet was:
Following transactions took place: (a) A took over Stock at ₹ 36,000. He also took over his wife's loan. (b) B took over half of Debtors at ₹ 28,000. (c) C took over Investments at ₹ 54,000 and half of Creditors at their book value. (d) Remaining Debtors realised 60% of their book value. Furniture sold for ₹ 30,000; Machinery ₹ 82,000 and Land ₹ 1,20,000. (e) An unrecorded asset was sold for ₹ 22,000. (f) Realisation expenses amounted to ₹ 4,000. Prepare necessary Ledger Accounts to close the books of the firm. |
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| 258. |
List the various advantages of computerised accounting systems. |
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Answer» List the various advantages of computerised accounting systems. |
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| 259. |
X, Y and Z were partners in a firm sharing profits and losses in the 5 : 4 : 3. Their Balance Sheet on 31st March, 2018 was as follows: Liabilities Amount (₹) Assets Amount (₹) Creditors 2,00,000 Building 2,00,000 Employees' Provident Fund 1,50,000 Machinery 3,00,000 General Reserve 36,000 Furniture 1,10,000 Investment Fluctuation Reserve 14,000 Investment (Market value ₹ 86,000) 1,00,000 Capital A/cs: Debtors 80,000 X 3,00,000 Cash at Bank 1,90,000 Y 2,50,000 Advertisement Suspense 1,20,000 Z 1,50,000 7,00,000 11,00,000 11,00,000 X died on 1st October, 2018 and Y and Z decide to share future profits in the ratio of 7 : 5. It was agreed between his executors and the remaining partners that:(i) Goodwill of the firm be valued at 212 years' purchase of average of four completed years' profit which were: Year 2014-15 2015-16 2016-17 2017-18 Profits (₹) 1,70,000 1,80,000 1,90,000 1,80,000 (ii) X's share of profit from the closure of last accounting year till date of death be calculated on the basis of last years' profit.(iii) Building undervalued by ₹ 2,00,000; Machinery overvalued by ₹ 1,50,000 and Furniture overvalued by ₹ 46,000.(iv) A provision of 5% be created on Debtors for Doubtful Debts.(v) Interest on Capital to be provided at 10% p.a.(vi) Half of the net amount payable to X's executor was paid immediately and the balance was transferred to his loan account which was to be paid later.Prepare Revaluation Account, X's Capital Account and X's Executor's Account as on 1st October, 2018. |
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Answer» X, Y and Z were partners in a firm sharing profits and losses in the 5 : 4 : 3. Their Balance Sheet on 31st March, 2018 was as follows:
X died on 1st October, 2018 and Y and Z decide to share future profits in the ratio of 7 : 5. It was agreed between his executors and the remaining partners that: (i) Goodwill of the firm be valued at years' purchase of average of four completed years' profit which were:
(ii) X's share of profit from the closure of last accounting year till date of death be calculated on the basis of last years' profit. (iii) Building undervalued by ₹ 2,00,000; Machinery overvalued by ₹ 1,50,000 and Furniture overvalued by ₹ 46,000. (iv) A provision of 5% be created on Debtors for Doubtful Debts. (v) Interest on Capital to be provided at 10% p.a. (vi) Half of the net amount payable to X's executor was paid immediately and the balance was transferred to his loan account which was to be paid later. Prepare Revaluation Account, X's Capital Account and X's Executor's Account as on 1st October, 2018. |
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| 260. |
Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book. (i) Balance as per passbook on March 31, 2017 overdrawn Rs 20,000. (ii) Interest on bank overdraft not entered in the cash book Rs 2,000. (iii) Rs 200 insurance premium paid by bank has not been entered in the cash book. (iv) Cheques drawn in the last week of March, 2017, but not cleared till date for Rs 3,000 and Rs 3,500. (v) Cheques deposited into bank on February 2017, but yet to be credited on dated March 31, 2017 Rs 6,000. (vii) Wrongly debited by bank Rs 500. |
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Answer» Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.
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| 261. |
Which of the following is incorrect? The cost of sales is: |
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Answer» Which of the following is incorrect? The cost of sales is: |
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| 262. |
लेखिका ने छात्रावास के जिस बहुभाषी परिवेश की चर्चा की है उसे अपनी मातृभाषा में लिखिए। |
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Answer» लेखिका
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| 263. |
Distinguish between trade bill and accommodation bill. |
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Answer» Distinguish between trade bill and accommodation bill. |
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| 264. |
Which of the following is to be recorded in a profit and loss account? |
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Answer» Which of the following is to be recorded in a profit and loss account? |
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| 265. |
The story is divided into pre-war and post-war times. What hardships do you think the girl underwent during these times? |
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Answer» The story is divided into pre-war and post-war times. What hardships do you think the girl underwent during these times?
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| 266. |
Operating profit earned by M/s Arora and Sachdeva in 2005 - 06 was Rs. 17,00,000. Its non-operating incomes were Rs. 1,50,000 and non-operating expenses were Rs. 3,75,000. calculate the amount of net profit earned by the firm. |
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Answer» Operating profit earned by M/s Arora and Sachdeva in 2005 - 06 was Rs. 17,00,000. Its non-operating incomes were Rs. 1,50,000 and non-operating expenses were Rs. 3,75,000. calculate the amount of net profit earned by the firm. |
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| 267. |
If installation expense is paid for any machine & put to the debit of Installation expense account, to rectify this which account shall be credited? |
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Answer» If installation expense is paid for any machine & put to the debit of Installation expense account, to rectify this which account shall be credited? |
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| 268. |
From the Balance Sheet given below, calculate:(i) Fixed Assets (ii) Current Assets(iii) Current Liabilities (iv) Working Capital BALANCE SHEET as at 31st March, 2019 Liabilities ₹ Assets ₹ Trade Creditors 42,000 Stock in Hand 48,000 Expenses Accrued 3,200 Debtors 36,000 Bank Overdraft 4,800 Prepaid Expenses 400 Long-Term Loan 20,000 Goodwill 20,000 Interest on Loan 1,000 Land 20,000 Capital 93,400 Plant 32,000 Furniture 8,000 1,64,400 1,64,400 |
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Answer» From the Balance Sheet given below, calculate: (i) Fixed Assets (ii) Current Assets (iii) Current Liabilities (iv) Working Capital
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| 269. |
कृष्ण ने नंद बाबा की दुहाई देकर दाँव क्यों दिया? |
| Answer» कृष्ण ने नंद बाबा की दुहाई देकर दाँव क्यों दिया? | |
| 270. |
A company using the accrual method of accounting performed services in August. The services were for Rs 2,000 and the company gave the customer credit terms that state the amount is to be paid to the company in September. In September when the company receives Rs 2,000 from the customer, which account should the company credit? |
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Answer» A company using the accrual method of accounting performed services in August. The services were for Rs 2,000 and the company gave the customer credit terms that state the amount is to be paid to the company in September. In September when the company receives Rs 2,000 from the customer, which account should the company credit? |
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| 271. |
Trialbalance of Khatau did not agree. He put the difference to suspense account anddiscovered the following errors: (a) Credit sales to Manas Rs 16,000 were recorded in the purchases book as Rs 10,000 and posted to the debit of Manas as Rs 1,000. (b) Furniture purchased from Noor Rs 6,000 was recorded through purchases book as Rs 5,000 and posted to the debit of Noor Rs 2,000. (c) Goods returned to Rai Rs 3,000 recorded through the Sales book as Rs 1,000. (d) Old machinery sold for Rs 2,000 to Maneesh recorded through sales book as Rs 1,800 and posted to the credit of Manish as Rs 1,200. (e) Total of Returns inwards book Rs 2,800 posted to Purchase account. Rectifythe above errors and prepare suspense account to ascertain the difference intrial balance. |
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Answer» Trial
Rectify
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| 272. |
Which of the following accounts are temporary accounts |
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Answer» Which of the following accounts are temporary accounts |
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| 273. |
Thecash book shows a bank balance of Rs 7,800. On comparing the cash book withpassbook the following discrepancies were noted: (a) Cheque deposited in bank but not credited Rs 3,000 (b) Cheque issued but not yet present for payment Rs 1,500 (c) Insurance premium paid by the bank Rs 2,000 (d) Bank interest credit by the bank Rs 400 (e) Bank charges Rs 100 (d) Directly deposited by a customer Rs 4,000 |
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Answer» The
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| 274. |
The balancing figure of the ______ is either net profit or net loss. |
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Answer» The balancing figure of the ______ is either net profit or net loss. |
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| 275. |
A company bought machinery for Rs. 10000 and depreciation rate is 10%. Which account shall be credited for recording depreciation: |
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Answer» A company bought machinery for Rs. 10000 and depreciation rate is 10%. Which account shall be credited for recording depreciation: |
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| 276. |
Prepare Bank Reconciliation Statement as on 30th September, 2016 from the following particulars: ₹ (i) Bank Balance as per Pass Book. 10,000 (ii) Cheque deposited into bank but no entry was passed in Cash Book. 500 (iii) Cheque received and entered in Cash Book but not sent to bank. 1,200 (iv) Insurance premium paid directly by the bank. 800 (v) Bank charges entered twice in the Cash Book. 20 (vi) Cheque received entered twice in Cash Book. 1,000 (vii) Bill discounted dishonoured not recorded in the cash book. 5,000 |
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Answer» Prepare Bank Reconciliation Statement as on 30th September, 2016 from the following particulars:
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| 277. |
"The accounting concepts and accounting standards are generally referred to as the essence of financial accounting." Comment. |
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Answer» "The accounting concepts and accounting standards are generally referred to as the essence of financial accounting." Comment. |
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| 278. |
20. Three-fourth of a number exceeds its one third by 60.Find the number |
| Answer» 20. Three-fourth of a number exceeds its one third by 60.Find the number | |
| 279. |
What is the name given to a sequence of actions taken to transform the data into decision-useful information? |
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Answer» What is the name given to a sequence of actions taken to transform the data into decision-useful information? |
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| 280. |
Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility. |
| Answer» Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility. | |
| 281. |
On Feb. 14, 2017 Rashmi sold good Rs 7,500 to Alka. Alka paid Rs 500 in cash and for the bank balance accepted a bill of exchange drawn upon her by Rashmi payable after two months. On Apr.10, 2017 Alka approached Rashmi to cancel the bill since she was short of funds. She further requested Rashmi to accept Rs 2,000 in cash and draw a new bill for the balance including interest Rs 500. Rashmi accepted Alka’s request and drew a new bill for the amount due payable after 2 months. The bill was accepted by Alka. The new bill was duly met by Alka on maturity.Record the necessary journal entries in the books of Rashmi and Alka and prepared Alka’s account in the books of Rashmi’s and Rashmi’s account in the books of Alka’s. |
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Answer» On Feb. 14, 2017 Rashmi sold good Rs 7,500 to Alka. Alka paid Rs 500 in cash and for the bank balance accepted a bill of exchange drawn upon her by Rashmi payable after two months. On Apr.10, 2017 Alka approached Rashmi to cancel the bill since she was short of funds. She further requested Rashmi to accept Rs 2,000 in cash and draw a new bill for the balance including interest Rs 500. Rashmi accepted Alka’s request and drew a new bill for the amount due payable after 2 months. The bill was accepted by Alka. The new bill was duly met by Alka on maturity. Record the necessary journal entries in the books of Rashmi and Alka and prepared Alka’s account in the books of Rashmi’s and Rashmi’s account in the books of Alka’s.
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| 282. |
Which of the following statements is not true? |
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Answer» Which of the following statements is not true? |
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| 283. |
वो इधर से निकला उधर चला गयावो आँखें फैलाकर बतला रहा था। नीचे आँख से जुड़े कुछ और मुहावरे दिए गए हैं, वाक्यों में इनका इस्तेमाल करो। आँख लगना आँख दिखाना आँख मूँदना आँख बचाना आँखें भर आना सिर-आँखों पर बैठाना |
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Answer» वो इधर से निकला उधर चला गया वो आँखें फैलाकर बतला रहा था।
नीचे आँख से जुड़े कुछ और मुहावरे दिए गए हैं, वाक्यों में इनका इस्तेमाल करो।
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| 284. |
The passbook of Mr. Mohit current account showed a credit Balance of Rs 20,000 on dated December 31, 2016. Prepare a Bank Reconciliation Statement with the following information. (i) A cheque of Rs 400 drawn on his saving account has been shown on current account. (ii) He issued two cheques of Rs 300 and Rs 500 on of December 25, but only the Ist cheque was presented for payment. (iii) One cheque issued by Mr. Mohit of Rs 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book. |
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Answer» The passbook of Mr. Mohit current account showed a credit Balance of Rs 20,000 on dated December 31, 2016. Prepare a Bank Reconciliation Statement with the following information.
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| 285. |
Solve the following problems.An agent received a commission of Rs. 750 for getting a vehicle sold for Rs. 50,000. Find the rate of commission. |
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Answer» Solve the following problems. An agent received a commission of Rs. 750 for getting a vehicle sold for Rs. 50,000. Find the rate of commission. |
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| 286. |
Cash paid to Kareem has been posted as been paid Nadeen. The rectification would be done by ___ . |
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Answer» Cash paid to Kareem has been posted as been paid Nadeen. The rectification would be done by |
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| 287. |
From the following information, prepare Balance Sheet of a trader as at 31st March, 2019 arranging the assets and liabilities–(i) in order of permanence and (ii) in order of liquidity: ₹ ₹ Goodwill 20,000 Bank 20,000 Capital 1,80,000 Sundry Creditors 63,000 Liabilities for Expenses 1,200 Bills Receivable 13,000 Cash in Hand 1,000 Plant and Machinery 40,000 Investment 20,000 Provision for Doubtful Debts 2,500 Bills Payable 10,700 Closing Stock 80,000 Net Profit 92,600 Furniture 16,000 Sundry Debtors 50,000 Drawing 30,000 Land and Building 60,000 |
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Answer» From the following information, prepare Balance Sheet of a trader as at 31st March, 2019 arranging the assets and liabilities–(i) in order of permanence and (ii) in order of liquidity:
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| 288. |
Manohar drew a bill of exchange on Pushkar, his debtor, for ₹ 20,000 on 1st March 2016 for 3 months. Pushkar accepted the same and returned it to the drawer. Manohar endorsed the bill to Yadu on 1st April 2016 for a debt of equal amount. Yadu discounted it with the bank at 15% p.a. on 1st May 2016. On the due date the bill was dishonoured. (Noting charges amounted to ₹ 100).Show the journal entries in the books of : (a) Drawer, (b) Drawee/Acceptor, and (c) Endorsee |
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Answer» Manohar drew a bill of exchange on Pushkar, his debtor, for ₹ 20,000 on 1st March 2016 for 3 months. Pushkar accepted the same and returned it to the drawer. Manohar endorsed the bill to Yadu on 1st April 2016 for a debt of equal amount. Yadu discounted it with the bank at 15% p.a. on 1st May 2016. On the due date the bill was dishonoured. (Noting charges amounted to ₹ 100). Show the journal entries in the books of : (a) Drawer, (b) Drawee/Acceptor, and (c) Endorsee |
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| 289. |
Which of the following are characteristics of a computer? |
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Answer» Which of the following are characteristics of a computer? |
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| 290. |
A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2017 after taking into consideration an anticipated profit of Rs.12,000 on the sale of an old furniture & not taking into consideration salary of Rs.7,000 outstanding for the year. What shall be the correct profit as per Conservatism Principle? |
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Answer» A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2017 after taking into consideration an anticipated profit of Rs.12,000 on the sale of an old furniture & not taking into consideration salary of Rs.7,000 outstanding for the year. What shall be the correct profit as per Conservatism Principle? |
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| 291. |
Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoilt. He sold the rest at the rate of Rs 5 each. Did he make a profit or a loss? How much? |
| Answer» Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoilt. He sold the rest at the rate of Rs 5 each. Did he make a profit or a loss? How much? | |
| 292. |
State any four essential features of a bill of exchange. |
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Answer» State any four essential features of a bill of exchange. |
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| 293. |
M/s Saniya Sports Equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended March 31, 2017 April. 31, 2016 March. 31, 2017 Rs Rs Cash in hand 6,000 24,000 Bank overdraft 30,000 – Stock 50,000 80,000 Sundry creditors 26,000 40,000 Sundry debtors 60,000 1,40,000 Bills payable 6,000 12,000 Furniture 40,000 60,000 Bills receivable 8,000 28,000 Machinery 50,000 1,00,000 Investment 30,000 80,000 Drawing Rs 10,000 p.m. for personal use, fresh capital introduce during the year Rs 2,00,000. A bad debts of Rs 2,000 and a provision of 5% is to be made on debtors outstanding salary Rs 2,400, prepaid insurance Rs 700, depreciation charged on furniture and machine 10% p.a. |
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Answer» M/s Saniya Sports Equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended March 31, 2017
Drawing Rs 10,000 p.m. for personal use, fresh capital introduce during the year Rs 2,00,000. A bad debts of Rs 2,000 and a provision of 5% is to be made on debtors outstanding salary Rs 2,400, prepaid insurance Rs 700, depreciation charged on furniture and machine 10% p.a. |
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| 294. |
कालिदास के 'मेघदूत' का संक्षिप्त परिचय प्राप्त कीजिए। |
| Answer» कालिदास के 'मेघदूत' का संक्षिप्त परिचय प्राप्त कीजिए। | |
| 295. |
Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following:Purchased a second-hand machine for ₹ 96,000, spent ₹ 24,000 on its cartage, repairs and installation, estimated useful life of machine 4 years. Estimated residual value ₹ 72,000. |
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Answer» Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following: Purchased a second-hand machine for ₹ 96,000, spent ₹ 24,000 on its cartage, repairs and installation, estimated useful life of machine 4 years. Estimated residual value ₹ 72,000. |
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| 296. |
Point out the mistakes in the following table. Rearrange it correctly. Number of Students Subjects Economics English Hindi History Boys Girsl |
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Answer» Point out the mistakes in the following table. Rearrange it correctly.
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| 297. |
The original cost of furniture amounted to ₹ 4,000 and it is decided to write off 5% on the original cost as depreciation at the end of each year. Show the Ledger Account as it will appear during the first four years. Show also how the same account will appear if it was decided to write off 5% on the diminishing balance of the asset each year. |
| Answer» The original cost of furniture amounted to ₹ 4,000 and it is decided to write off 5% on the original cost as depreciation at the end of each year. Show the Ledger Account as it will appear during the first four years. Show also how the same account will appear if it was decided to write off 5% on the diminishing balance of the asset each year. | |
| 298. |
On July 01, 2011 Ashwani purchased a machine for Rs 2,00,000 on credit. Installation expenses Rs 25,000 are paid by cheque. The estimated life is 5 years and its scrap value after 5 years will be Rs 20,000. Depreciation is to be charged on straight line basis. Show the journal entry for the year 2011 and prepare necessary ledger accounts for first three years. |
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Answer» On July 01, 2011 Ashwani purchased a machine for Rs 2,00,000 on credit. Installation expenses Rs 25,000 are paid by cheque. The estimated life is 5 years and its scrap value after 5 years will be Rs 20,000. Depreciation is to be charged on straight line basis. Show the journal entry for the year 2011 and prepare necessary ledger accounts for first three years.
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| 299. |
Goods worth Rs 1550 were sold to Sujata. It was recorded as Rs 1050 instead of Rs 1550. To rectify this mistake which of the following is correct? |
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Answer» Goods worth Rs 1550 were sold to Sujata. It was recorded as Rs 1050 instead of Rs 1550. To rectify this mistake which of the following is correct? |
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| 300. |
Find the amount received when 300 shares of FV Rs 100, were sold at a discount of Rs 30. |
| Answer» Find the amount received when 300 shares of FV Rs 100, were sold at a discount of Rs 30. | |