Question

Debtors amounting to Rs. 40,000 were falling due for payment after 2 months during
dissolution of firm but they were realized immediately at a discount of 12% pa, the entrs
passed will be
Dr
39,200
2
Bank A
To Realisation Al
39.200
40.000
Bank AC
To Realisation Ac
40.000
Dr
37.600
Realisation A/C
To Bank A/C
37.600
Dr.
39,200
Realisation Ac
To Bank A/C
39.200​

Answer 1

Answer:

Debtors amounting to Rs. 40,000 were falling due for payment after 2 months during

dissolution of firm but they were realized immediately at a discount of 12% pa, the entrs

passed will be

Dr

39,200

2

Bank A

To Realisation Al

39.200

40.000

Bank AC

To Realisation Ac

40.000

Dr

37.600

Realisation A/C

To Bank A/C

37.600

Dr.

39,200

Realisation Ac

To Bank A/C

39.200