Marlin bought goods from Nadal for RM16,000. Nadal draws a bill on 1.1.202: for 3 months which was accepted by Marlin for this purpose. On 1.3.2021, Marlin arranged to retire the bill at a rebate of 15% p.a. Show the entries in the books of Nadal.
Marlin bought goods from Nadal for RM16,000. Nadal draws a bill on 1.1.202: for 3 months which was accepted by Marlin for this purpose. On 1.3.2021, Marlin arranged to retire the bill at a rebate of 15% p.a. Show the entries in the books of Nadal.
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 30P
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Transcribed Image Text:Marlin bought goods from Nadal for RM16,000. Nadal draws a bill on 1.1.2021
for 3 months which was accepted by Marlin for this purpose.
On 1.3.2021, Marlin arranged to retire the bill at a rebate of 15% p.a.
Show the entries in the books of Nadal.
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