Debtors Rs 1,32000 provision for bad and doubtful debts Rs 12,000 Rs 24000 of the book debts proved - Accountancy - Dissolution of Partnership Firm

Question

Debtors Rs 1,32000 provision for bad and doubtful debts Rs 12,000
Rs 24000 of the book debts proved bad Realisation account is to be
credited with?

Komal Rani · Accepted Answer

Dear student The Journal entry will be: BANK A/C dr 1,08,000 TO
REALISATION A/C 1,08,000 ( 1,32,000-24,000)=1,08,000 Therefore
realisation account will be credited with Rs 108000 Regards

Debtors Rs 1,32000 .provision for bad and doubtful debts Rs 12,000. Rs 24000 of the book debts proved bad. Realisation account is to be credited with?