If creditors amounting to Rs 4,000 accepted the furniture of book value Rs 5,000 in full settlement of their claim during the course of dissolution, the entry passed will be: *
Dr. Realisation A/c and Cr. Cash A/c Rs 4,000
Dr. Cash and Cr. Realisation A/c Rs 4,000
No Entry Needed
None of these
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0
Answer:
no entry because the assets and liabilities are settled
Answered by
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Answer:
Rs$ 9,000...................
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