A debtor whose debt of 8,000 was written off as bad in the books paid
(u) Realisation expenses {3,400 were paid by A for which he was allowed 1999)
full settlement.
(iii) B took over investments at ? 15,000.
(iv) Sundry Creditors amounting to 10,000 were paid at 5% discount.
(ur) Loss on realisation 9.400 was divided between A and B in 3 : 2 ratio.
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rs 17880
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