Plant and Machinery is taken over by Lean at * 18,000. A contingent liability for Bill Receivable
discounted materialised to the extent of 600. Realisation expenses amounted to 600. Thin is
insolvent but his estate pays * 1,900. Prepare necessary
accounts to close the books of the firm :
Answers
This discussion on A contingent liability for bills receivable discounted materialized to the extent of Rs 2500. Also there was a joint life policy for rs 30000. This was surrendered for Rs 3000. I am not understand with this term and give solution and which side write in realisation ac? is done on EduRev Study Group by Commerce Students. The Questions and Answers of A contingent liability for bills receivable discounted materialized to the extent of Rs 2500. Also there was a joint life policy for rs 30000. This was surrendered for Rs 3000. I am not understand with this term and give solution and which side write in realisation ac? are solved by group of students and teacher of Commerce, which is also the largest student community of Commerce. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for Commerce on EduRev and even discuss your questions like A contingent liability for bills receivable discounted materialized to the extent of Rs 2500. Also there was a joint life policy for rs 30000. This was surrendered for Rs 3000. I am not understand with this term and give solution and which side write in realisation ac? over here on EduRev! Apart from being the largest Commerce community, EduRev has the largest solved Question bank for Commerce