On dissolution of a firm, Sundry Creditors amounted to Rs. 8,000. These were paid at a discount of 5%. What entry will he passed? Post category:Accountancy Reading time:1 mins read SOLUTION Realisation A /c Dr. 7,600 To Cash/Bank A/c 7,600 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, its Balance Sheet revealed total creditors Rs. 50,000; Total Capital Rs. 48,000; Cash Balance Rs. 3,000. Its assets were realised at 12% less. What will be loss on realisation? Next PostOn dissolution of a firm, there was an Unrecorded asset or Rs. 2,000 which was taken over by a partner at Rs. 2,500 What entry will be passed? You Might Also Like From the following calculate: (i) Current Ratio; and (ii) Quick Ratio: August 12, 2022 Calculate interest on drawings of Ashok @ 10% p.a. for the year ended 31st March, 2022, in each of the following alternative cases: Case 1. If he withdrew Rs. 7,500 in the beginning of each quarter. Case 2. If he withdrew Rs. 7,500 at the end of each quarter. Case 3. If he withdrew Rs. 7,500 during the middle of each quarter. October 11, 2022 On 1st April, 2017, Solar Power Ltd. issued 10,000, 8% Debentures of Rs. 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years. All the debentures were subscribed and allotment was made. The company had balance in Securities Premium Reserve of Rs. 80,000. Prepare the Balance Sheet (extract) as at 31st March, 2018. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Calculate interest on drawings of Ashok @ 10% p.a. for the year ended 31st March, 2022, in each of the following alternative cases: Case 1. If he withdrew Rs. 7,500 in the beginning of each quarter. Case 2. If he withdrew Rs. 7,500 at the end of each quarter. Case 3. If he withdrew Rs. 7,500 during the middle of each quarter. October 11, 2022
On 1st April, 2017, Solar Power Ltd. issued 10,000, 8% Debentures of Rs. 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years. All the debentures were subscribed and allotment was made. The company had balance in Securities Premium Reserve of Rs. 80,000. Prepare the Balance Sheet (extract) as at 31st March, 2018. July 18, 2022