A credit sale of Rs.105,000 is made on March 10, terms 2/10, n/30. A return of Rs.5,000 is granted on 13 March. Calculate the amount received as payment in full on March 18? ( Show proper working of solution)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1PB: Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments made at...
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A credit sale of Rs.105,000 is made on March 10, terms 2/10, n/30. A return of Rs.5,000 is granted on 13 March. Calculate the amount received as payment in full on March 18? ( Show proper working of solution)

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