In case of redemption in installments, the discount is spread _____________________.
equally
on the basis of amounts outstanding in the beginning of the year
Can't say
None of these
In case of redemption in installments, the discount is spread on the basis of amounts outstanding in the beginning of the year.
In case of redemption in instalments, discount is spread _______.
A, B and C are partners in a firm. A retires on 1st April, 2012. On the date of retirement, Rs 80,000 is due to him in all. It is agreed to pay him this amount in instalments every year at the end of the year. Prepare A's Loan A/c in the following cases :
(i) Four yearly instalments plus interest @ 10% p.a.
(ii) Three instalments of Rs 25,000 which already include interest @ 10% p.a. on the outstanding balance and the balance including interest in the fourth year.
Books are closed on 31st March every year.
If a % is the discount on a marked price x, then discount is: