Question

(a) Creditors worth 5,000 accepted (0) Stock worth 2,500 and Go Cash + 2,000 in full
(b) A creditor whose claim was 5,000 agreed to accept trade marks valued at 6,000 in
A firm is under dissolution, pass entries in the following cases
settlement of their account.
settlement of his claim.
(c) Total creditors of the firm were 15.000. Out of this creditors worth 2,500 waived their
claim while the rest agreed to allow discount @ 10% of their respective claims.
(d) One creditor worth 2,500 took over stock valued at 3,250 in full satisfaction of his
claim.​

Answer 1

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Answer 2

Explanation:

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