Question
Mr. Alok ones Mr. Samir Rs. 1650 on 1st Jan 2019 From Jan to March the following further transaction took place between Alok and Samir
Mr. Alok ones Mr. Samir Rs. 1650 on 1st Jan 2019 From Jan to March the following further transaction took place between Alok and Samir .
January 15 Alok buys goods Rs. 1200
Feb 10- Alok buys goods for Rs. 1850
Mar 7 Alok receives cash loan of Rs 1500
Alok pays the whole amount of 31st March 2019 together with interest of 6% per annum. Calculate the interest by average due date method .
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College Accounting Chapters 1-13
Authors: John Price, M. David Haddock, Michael Farina
15th Edition
125999516X, 9781259995163
