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X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant 2% discount on balance, and Y request X to draw a bill for balance, the amount of bill will be:
- a)98,000
- b)68,000
- c)68,600
- d)70,000
Correct answer is option 'C'. Can you explain this answer?
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X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant...
Calculation of Amount of Bill
Given:
Total amount of goods sold by X to Y = Rs 1,00,000
Cash paid by Y = Rs 30,000
Now, X will grant 2% discount on the balance amount, which is calculated as follows:
Balance amount = Total amount of goods sold - Cash paid
= Rs 1,00,000 - Rs 30,000
= Rs 70,000
Discount = 2% of the balance amount
= 2/100 x Rs 70,000
= Rs 1,400
Net amount to be paid by Y after discount = Balance amount - Discount
= Rs 70,000 - Rs 1,400
= Rs 68,600
Therefore, X will draw a bill for the remaining amount of Rs 68,600.
Answer: Option C (Rs 68,600)
Given:
Total amount of goods sold by X to Y = Rs 1,00,000
Cash paid by Y = Rs 30,000
Now, X will grant 2% discount on the balance amount, which is calculated as follows:
Balance amount = Total amount of goods sold - Cash paid
= Rs 1,00,000 - Rs 30,000
= Rs 70,000
Discount = 2% of the balance amount
= 2/100 x Rs 70,000
= Rs 1,400
Net amount to be paid by Y after discount = Balance amount - Discount
= Rs 70,000 - Rs 1,400
= Rs 68,600
Therefore, X will draw a bill for the remaining amount of Rs 68,600.
Answer: Option C (Rs 68,600)
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X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant 2% discount on balance, and Y request X to draw a bill for balance, the amount of bill will be:a)98,000b)68,000c)68,600d)70,000Correct answer is option 'C'. Can you explain this answer?
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X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant 2% discount on balance, and Y request X to draw a bill for balance, the amount of bill will be:a)98,000b)68,000c)68,600d)70,000Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant 2% discount on balance, and Y request X to draw a bill for balance, the amount of bill will be:a)98,000b)68,000c)68,600d)70,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant 2% discount on balance, and Y request X to draw a bill for balance, the amount of bill will be:a)98,000b)68,000c)68,600d)70,000Correct answer is option 'C'. Can you explain this answer?.
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ample number of questions to practice X sold goods to Y for Rs 1,00,000. Y paid cash Rs 30,000. X will grant 2% discount on balance, and Y request X to draw a bill for balance, the amount of bill will be:a)98,000b)68,000c)68,600d)70,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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