Accountancy, asked by saurabhyadav4723, 11 hours ago

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

Answers

Answered by em14706
0

Answer:

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Explanation:

The payment of expenses by the debtor in full settlement does not come under either of the categories of assets and liabilities. Thus, no entry is passed

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