Question

What entry shall be passed if a debtor Ghanshyam for Rs.50,000 agreed to pay the
dissolution expenses which were Rs.40,000 in full settlement of his debt
a) Rs.40,000 is credited to Ghanshyam’s A/c
b) No entry
c) Rs.10,000 will be debited to Ghanshyam
d) Rs. 90,000 will be credited to Ghanshyam

Answer 1

Answer:

What entry shall be passed if a debtor Ghanshyam for Rs.50,000 agreed to pay the

dissolution expenses which were Rs.40,000 in full settlement of his debt

a) Rs.40,000 is credited to Ghanshyam’s A/c

b) No entry

c) Rs.10,000 will be debited to Ghanshyam

d) Rs. 90,000 will be credited to Ghanshyam

a)47r

b)327

c)5e

d)442

Explanation:

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