ACCOUNT CURRENT

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.