(v) There was one unrecorded asset estimated at 6,000, half of which was handed over to an
unrecorded liability of * 10,000 in settlement of claim of 5,000 and remaining half was sold
in the market which realised * 2,600.
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unrecorded asset of ₹6,000
half of this 3,000 ( 6,000×1/2) given to creditors
no entry for this
when liabilities taking over asset we won't record in dissolution
remaining half 3,000 was realised at 2,600 for this
bank a/c dr 2,600
to realisation a/c 2,600
show credit side in realisation a/c under bank and in bank a/c debit side.
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