Question

If creditors of 15,000 take over stock of 20,000 in full settlement of their claim. The entry will

be:

(a) No entry is needed

(b) Debit Realisation A/c and credit cash A/c by 5,000

(c) Debit Cash A/c and Credit Realisation A/c by 5,000

(d) None of these​

Answer 1

Answer:

Option B

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