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A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000?
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A owed rs. 5000 on 1st January 2017 to B. The following are the transa...
Transaction Details between A and B from January to March 2017
Initial Amount
- A owed Rs. 5000 to B on 1st January 2017
January Transactions
- B sold goods worth Rs. 3000 to A on 1st January 2017
- A paid Rs. 2000 to B on 15th January 2017, reducing the amount owed to Rs. 6000 - 2000 = Rs. 4000
February Transactions
- No transaction took place between A and B in February 2017
March Transactions
- A paid Rs. 2000 to B on 20th March 2017, reducing the amount owed to Rs. 4000 - 2000 = Rs. 2000
Final Amount
- A owed Rs. 2000 to B on 31st March 2017
Explanation:
- On 1st January 2017, B sold goods worth Rs. 3000 to A, increasing the amount owed by A to B to Rs. 5000 + Rs. 3000 = Rs. 8000
- On 15th January 2017, A paid Rs. 2000 to B, reducing the amount owed to Rs. 8000 - Rs. 2000 = Rs. 6000
- There was no transaction between A and B in February 2017
- On 20th March 2017, A paid Rs. 2000 to B, reducing the amount owed to Rs. 6000 - Rs. 2000 = Rs. 4000
- Finally, on 31st March 2017, A owed Rs. 2000 to B.
Initial Amount
- A owed Rs. 5000 to B on 1st January 2017
January Transactions
- B sold goods worth Rs. 3000 to A on 1st January 2017
- A paid Rs. 2000 to B on 15th January 2017, reducing the amount owed to Rs. 6000 - 2000 = Rs. 4000
February Transactions
- No transaction took place between A and B in February 2017
March Transactions
- A paid Rs. 2000 to B on 20th March 2017, reducing the amount owed to Rs. 4000 - 2000 = Rs. 2000
Final Amount
- A owed Rs. 2000 to B on 31st March 2017
Explanation:
- On 1st January 2017, B sold goods worth Rs. 3000 to A, increasing the amount owed by A to B to Rs. 5000 + Rs. 3000 = Rs. 8000
- On 15th January 2017, A paid Rs. 2000 to B, reducing the amount owed to Rs. 8000 - Rs. 2000 = Rs. 6000
- There was no transaction between A and B in February 2017
- On 20th March 2017, A paid Rs. 2000 to B, reducing the amount owed to Rs. 6000 - Rs. 2000 = Rs. 4000
- Finally, on 31st March 2017, A owed Rs. 2000 to B.
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A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000?
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A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000? 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 A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000?.
A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000? 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 A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A owed rs. 5000 on 1st January 2017 to B. The following are the transaction that room place between then during January to march 2017. Jan. 1 B Sold goods to A 3000?.
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