Question

(v) Half of the Trade Creditors accepted Plant and Machinery at 10% less than the book value
and Cash of 5,000 in full settlement of their claims.
r
(vi) Remaining Trade Creditors were paid at a discount of 10%.
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Answer 1

Answer:

Explanation:

This question doesn't have full information, that's  why I  am giving solution of the similar question. So that you will able to get the answer of the question.

(Q)  Trade creditors 1,60,000 . Half of the creditor accepted plant and machinery  at an agreed valuation of Rs. 54,000 and cash in full settlement of their claims after allowing a discount of Rs. 16000.

(q)  Remaining trade creditors were paid at a discount of 10 %

Solution :

Realization A/c      82000

  To Bank A/c  ( 10000 + 72000)       82000

( Creditors paid)