Sundry’ Creditors Rs. 2,50,000 and Bills Payable Rs. 35,000 have been transferred to the Credit side of Realisation Account. Sundry Creditors were paid at a discount of 10%. What would be the further treatment if nothing else is mentioned?


Realisation A/c                      Dr.       35,000
To Bank A/c                                       35,000
(Bills Payable paid off)

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