Question : A B/R for Rs.5,000 was received from a customer Mohan and the bill was discounted from the bank. Mohan became insolvent and 60 paise per rupee has been received from his estate. The amount to be paid by the Firm to the bank is

Option 1: Rs 2,000

Option 2: Rs 3,000

Option 3: Rs 5,000

Option 4: None of the above

Question : A B/R for Rs.5,000 was received from a customer Mohan and the bill was discounted from the bank. Mohan became insolvent and 60 paise per rupee has been received from his estate. The amount to be paid by the Firm to the bank is

Question : There was a contingent liability of Rs. 37,000 in respect of bills discounted but not matured. All the discounted bills were honoured but an acceptor of a bill of Rs. 5,000 became insolvent and fifty paise in a rupee was received. The liability of the firm on account of this

Question : There were contingent liabilities from B/R received from Ashok for Rs 40,000 and discounted with the bank. Ashok became insolvent, and 75 paise in rupee were received from his estate. How much amount will be debited/credited to realization?

Question : There were contingent liabilities from B/R received from Ashok for Rs 40,000 and discounted with the bank. Ashok became insolvent, and 75 paise in rupee were received from his estate. How much amount will be debited/credited to realization?

Question : Adiraj and Karan were partners in a firm sharing profits and losses in the ratio 3: 2. On 31st March 2018 the firm was dissolved. After the transfer of assets (other than cash in hand and at the bank) and third-party liabilities to the Realization Account, the following