On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.

Question

Option 1: Bank A/c will be debited with Rs. 6,00,000

Option 2: Realisation A/c will be credited with Rs. 5,40,000

Option 3: Bank A/c will be credited with Rs. 5,40,000

Option 4: Realisation A/c will be credited with Rs. 5,40,000

AfterBoards · Accepted Answer

The answer is 'Realisation A/c will be credited with Rs. 5,40,000'. View full solution:

CUET Accountancy 2022 23 Aug Shift 2 PYQs

Keyboard Shortcuts