CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice

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Question : 34 of 59

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Manu’s acceptance to Rishi of Rs.12,000 is retired two months before the due date at discount of 10%p.a. In the books of Rishi the journal entry will be _______

Cash A/c Dr. 10,800 Discount A/c Dr. 1,200 To B/R A/c 12,000
Manu’s A/c Dr. 10,800 Discount A/c Dr. 1,200 To B/R A/c 12,000
Cash A/c Dr. 11,800 Discount A/c Dr. 200 To B/R A/c 12,000
Manu’s A/c Dr. 11,800 Discount A/c Dr. 200 To B/R A/c 12,000

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