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CA Foundation Exam  >  CA Foundation Questions  >  P sold goods to Q for Rs. 2,00,000. Q paid ca... Start Learning for Free
P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed 2% discount on balance and Q requested to draw a bill for the balance amount. The amount of the bill will be______.
  • a)
    Rs. 1,96,000
  • b)
    Rs. 1,37,200
  • c)
    Rs. 1,40,000
  • d)
    Rs. 1,36,000
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed ...
Calculation of the amount of the bill

Given,
Total amount of goods sold by P to Q = Rs. 2,00,000
Cash paid by Q = Rs. 60,000
Discount allowed by P = 2%

To find,
Amount of the bill drawn by Q for the balance amount

Calculation:
Total amount to be paid by Q = Rs. 2,00,000
Less: Cash paid by Q = Rs. 60,000
Balance amount = Rs. 1,40,000

Discount allowed by P = 2% of Rs. 1,40,000 = Rs. 2,800
Amount payable by Q after discount = Rs. 1,37,200

Therefore, the amount of the bill drawn by Q for the balance amount will be Rs. 1,37,200.
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Community Answer
P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed ...
The amount which is to be paid by Q to P is 2 lacs in which 60000 already paid hence the balance to be paid was 140000 in which p given 2% discount so the remaining balance to be paid was 140000 - 2% which is equal to 137200 hence option B is the correct answer
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P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed 2% discount on balance and Q requested to draw a bill for the balance amount. The amount of the bill will be______.a)Rs. 1,96,000b)Rs. 1,37,200c)Rs. 1,40,000d)Rs. 1,36,000Correct answer is option 'B'. Can you explain this answer?
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P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed 2% discount on balance and Q requested to draw a bill for the balance amount. The amount of the bill will be______.a)Rs. 1,96,000b)Rs. 1,37,200c)Rs. 1,40,000d)Rs. 1,36,000Correct answer is option 'B'. 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 P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed 2% discount on balance and Q requested to draw a bill for the balance amount. The amount of the bill will be______.a)Rs. 1,96,000b)Rs. 1,37,200c)Rs. 1,40,000d)Rs. 1,36,000Correct answer is option 'B'. 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 P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed 2% discount on balance and Q requested to draw a bill for the balance amount. The amount of the bill will be______.a)Rs. 1,96,000b)Rs. 1,37,200c)Rs. 1,40,000d)Rs. 1,36,000Correct answer is option 'B'. Can you explain this answer?.
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