Creditors amounting to Rs. 80,000 are transferred to Realisation Account. What entry will be made on their payment if Rs. 10,000 of the creditors are not to be paid and the remaining creditors agreed to accept 20% less amount? Post category:Accountancy Reading time:1 mins read SOLUTION Realisation A/c Dr. 56,000 To Cash/Bank A/c 56,000 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of a firm, a partner’s capital account has a credit balance of Rs. 42,000. His share of profit in realisation account is Rs. 9,000. He has paid firm’s realisation expenses Rs. 3,000. How much amount he will finally get? Next PostIf total assets of a firm are Rs. 6,00,000 and total liabilities are Rs. 1,80,000, what will the capitals of P, Q and R if they share profits in the ratio of their capitals and profit-sharing ratio is 5: 4: 3. You Might Also Like What adjustments are required for decrease or increase in Trade Payables/bills payable while calculating ‘Cash flow from operating activities’? October 4, 2022 State any one occasion for the dissolution of the firm on Court’s orders. (Delhi 2017 C) October 8, 2022 What is meant by issue of shares for consideration other than cash? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What adjustments are required for decrease or increase in Trade Payables/bills payable while calculating ‘Cash flow from operating activities’? October 4, 2022
State any one occasion for the dissolution of the firm on Court’s orders. (Delhi 2017 C) October 8, 2022
