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Financial Forensics · Quiz 1 · 26 Feb 2023 · January 2023 term · Set QPE2

Question 11: Sold goods worth ₹ 86,000 for ₹ 98,000. A cash discount …

Question 11

+1 markOne correct option

Sold goods worth ₹ 86,000 for ₹ 98,000. A cash discount of 10% was offered to the customer if payment is settled immediately. The customer took advantage of the offer and transferred the amount immediately through internet banking. What will be the value of the sale?

  1. A

    ₹ 86, 000

  2. B

    ₹ 98, 000

  3. C

    ₹ 77, 400

  4. D

    ₹ 88, 200

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Correct answer

  • D

    ₹ 88, 200

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Question 11 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 26 Feb 2023, in the January 2023 term (IIT M DEGREE AN4 EXAM QPE4 26 Feb 2023). It carries 1 mark.

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