Accountancy, asked by Yusuf5695, 11 months ago

Bale agreed to accept 2500 in full settlement of his loan account how this condition will be treated in realisation account

Answers

Answered by manish2808

First Bale account balance is transferred to Realisation account.

Bale account Dr.
To Realisation account

On payment to Bale,

Realisation account Dr.
To cash/Bank account

Previous Question

Next Question

Similar questions

Social Sciences, 6 months ago

How to be more productive?

Math, 6 months ago

4a² - 1 how we calculate...

Math, 6 months ago

Determine which of the following polynomials has(x+1)a factor ...

Science, 11 months ago

why clouds float in the sky...

Math, 11 months ago

Construct a triangle abc whose three median are 3 cm 2.7 cm and 6 cm.

Science, 1 year ago

the following passage ... The Northern Lights are actually the result of collisions between gaseous particles in the Earth's atmosphere with charged particles released from the sun's atmosphere. Auroral displays appear in many colours although pale green and pink are the most common. Shades of red, yellow, green, blue, and violet have been reported. The lights appear in many forms from patches...

Social Sciences, 1 year ago

please answer the all questions only for humanity...

English, 1 year ago

'i know because i counted them this morning'. name the clause. write the correct tense of the highlighted verb------- If he worked hard, he "may" become rich.