Question

On dissolution of a partnership firm, an unrecorded liability of 7 8,000 was settled fully by giving a computer of R 13,000, which was completely written off from the book. The journal entry passed for this will be?

a)Dr. Realisation A/c and Cr. Computer A/c by 5,000

b)Dr. Computer A/c and Cr. Realisation A/c by 5,000

c)Dr. Realisation A/c and Cr. Bank A/c by 5,000 ​

Answer 1

Answer:

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Answer 2

Answer:

dr realisation a/c and Cr bank a/c by 5000