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. Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.
3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.?
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. Sold personal investment and invested in business Rs.5,00,000. 2. Mi...
Investment in Business
- Sold personal investment and invested Rs. 5,00,000 into the business to enhance operational capacity and growth potential.
Purchase of Shawls by Mittal Bros.
- Mittal Bros. purchased 100 shawls at Rs. 3,000 each.
- Total cost before discounts: Rs. 3,00,000.
- Trade Discount of 10%:
- Amount: Rs. 30,000.
- New total after Trade Discount: Rs. 2,70,000.
- Cash Discount of 3% (if paid within 14 days):
- Amount: Rs. 8,100.
- Total payable after Cash Discount: Rs. 2,61,900.
- Quality Issue:
- 10 shawls returned due to poor quality.
- Adjusted total for 90 shawls: Rs. 2,70,000 - Rs. 30,000 = Rs. 2,40,000.
- New payable amount after Cash Discount on 90 shawls: Rs. 2,40,000 - Rs. 7,200 = Rs. 2,32,800.
Sale to Ajay and Sons
- Sold 100 shawls at Rs. 200 each on 4th January 2020.
- Total sale amount before discounts: Rs. 20,000.
- Trade Discount of 25%:
- Amount: Rs. 5,000.
- New total after Trade Discount: Rs. 15,000.
- Cash Discount of 5% (if full payment made within 14 days):
- Amount: Rs. 750.
- Total payable after Cash Discount: Rs. 14,250.
- Payments received:
- 40% paid on 14th January 2020: Rs. 5,700.
- Remaining balance paid by cheque on 10th February 2020: Rs. 8,550.
This transaction highlights the importance of managing discounts effectively in business operations.
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. Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.?
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. Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.?.
Solutions for . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? defined & explained in the simplest way possible. Besides giving the explanation of . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.?, a detailed solution for . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? has been provided alongside types of . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? theory, EduRev gives you an ample number of questions to practice . Sold personal investment and invested in business Rs.5,00,000. 2. Mittal Bros. purchased 100 shawls @ Rs.3,000 per shawl, allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawl of poor quality, which is returned. Mittal Bros, settled the payment within 10 days.3. Sold to Ajay and Sons 100 shawls @ Rs.200 per shawl on 4th January, 2020. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Ajay and Sons sent 40% payment on 14th January, 2020 and balance payment on 10th February, 2020 by cheque.? tests, examples and also practice UPSC tests.
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