2. Questions Bank
  3. Teaching
  4. Accountancy
  5. Accounting for Specific Business and Transactions

Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
    On 1.1.05 X draws a bill on Y for ` 20000. At maturity, Y to renew the bill for 2 months @ 12% pa interest. Amount of interest will be

    A)  ` 400                                      

    B)  ` 300

    C)  ` 360                                      

    D)  ` 380

    Correct Answer: A

You need to login to perform this action.
You will be redirected in 3 sec spinner