CUET Preparation Today
In case of dissolution of firm, if a partner agrees to take over the debtors of Rs. 80,000 at 10% discount, the entry for the same shall be: |
Debit Relaisation A/c and Credit Partner’s Capital A/c with Rs. 80,000 Debit Relaisation A/c and Credit Partner’s Capital A/c with Rs. 72,000 Debit Partner’s Capital A/c and Credit Realisation A/c with Rs. 80,000 Debit Partner’s Capital A/c and Credit Realisation A/c with Rs. 72,000 |
Debit Partner’s Capital A/c and Credit Realisation A/c with Rs. 72,000 |
The correct answer is Option (4) → Debit Partner’s Capital A/c and Credit Realisation A/c with Rs. 72,000 |
