Question : On Dissolution of a partnership firm, out of total debtors of Rs.2,50,000, Rs.10,000 became bad and the rest realised 70%. In the given case, __ will be debited by __ .
Option 1: Realisation A/c, Rs.1,75,000
Option 2: Realisation A/c, Rs.1,68,000
Option 3: Bank A/c, Rs.1,82,000
Option 4: Bank A/c, Rs.1,68,000
Correct Answer: Bank A/c, Rs.1,68,000
Solution : Total Debtors = Rs.250000 - 10000 (Bad). So, Net Debtors will be Rs.240000
Out of this Rs.240000 only 70% is realised.
Hence Rs.168000 (240000*70%) will be debited by Bank A/c.
Hence the Correct answer is Option 4.
Question : At the time of dissolution of a firm, Debtors were Rs. 34000 out of which Rs. 1000 became bad and the rest realised 60%. Which account will be debited and by how much amount?
Question : On dissolution of a firm, debtors Rs. 34,000 were shown in the Balance Sheet. Out of this, Rs. 4000 became bad. One debtor became insolvent. 70% was recovered from him out of Rs.10,000 Full amount was recovered from the balance debtors. On account of this item, the loss in the
Question : On dissolution of a firm, debtors Rs 34,000 were shown in the Balance Sheet. Out of this Rs 4000 became bad. One debtor became insolvent. 70% were recovered from him out of 10,000. The full amount was recovered from the balance debtors. On account of this item, the loss in
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