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Financial Forensics · Quiz 1 · 16 Jul 2023 · May 2023 term

Question 12: If Roobes \& Co. had bought raw materials worth Rs. 5,00…

Question 12

+1 markOne correct option

If Roobes & Co. had bought raw materials worth Rs. 5,00,000, for a trade discount of 10% and cash discount of 20% for making immediate payment, the gross amount that would show under the head purchases will be

  1. A

    ₹ 3,50,000

  2. B

    ₹ 5,00,000

  3. C

    ₹ 4,50,000

  4. D

    ₹ 3,60,000

Show answer

Correct answer

  • C

    ₹ 4,50,000

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Question 12 of 35 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023). It carries 1 mark.

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