On dissolution of a firm, debtors were Rs17,000. Of these Rs500 became bad and the rest realised 60%. Which account will be debited and by how much amount?

Realisation Account by Rs 9,900 Profit & Loss Account by Rs500 Cash Account by Rs9,900 Debtors Account by Rs7,100

Cash Account by Rs9,900

Amount realised from debtors will be 16500*60%=9,900 Cash A/c Dr 9900 To Realisation A/c 9900