A OWED Rs 3,000 ON 1st JANUARY TO Mr C.THE FOLLOWING TRANSACTIONS THAT TOOK PLACE B/W THEM DURING 2008.IT IS AGREED B/W PARTIES THAT INTEREST @ 12% p.a IS CALCULATED ON ALL TRANSACTIONS
2008
JAN 16 Mr C SOLD GOODS TO A Rs 2000
JAN 29 Mr C PURCHASED GOODS FROM A. Rs 1500
FEB 10 Mr C PAYS CASH Rs 1500
MARCH 9 Mr A ACCEPTS A BILL DRAWN BY C FOR 1 MONTH Rs 2000
THEY DESIRE TO SETTLE THEIR A/C BY 1 SINGLE PAYMENT ON 15th MARCH 2008.ASCERTAIN THE AMOUNT TO BE PAID.
CAclubindia
