what is effect of liability of 7004 will be credited against bills receivable discounted in revaluation ac and balace sheet
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What is the journal entry, effect in Revaluation Account, Partner's Capital Account and Balance Sheet? Dear Student, The impact of the transaction 'A liability of Rs. 7,004 will be created against bills receivable discounted earlier but now dishonoured' will be on Revaluation A/c and Balance Sheet only.
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