When a Creditor takes over an asset whose value is less than the amount due to him in full settlement of his claim, what entry shall be passed? Post category:Accountancy Reading time:1 mins read SOLUTION No entry. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhy partner’s loan is not transferred to Realisation A/c? Next PostHow is Workmen Compensation Reserve shown in the Balance Sheet of a partnership firm, treated at the time of its dissolution? You Might Also Like What is ‘-Ratio Analysis’? October 1, 2022 How will you classify deposits by customers in Axis Bank? October 6, 2022 Ram and Mohan, two partners, drew for their personal use Rs. 1,20,000 and Rs. 80,000. Interest is chargeable @ 6% p.a. on the drawings. What is the amount of interest chargeable from each partner? July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ram and Mohan, two partners, drew for their personal use Rs. 1,20,000 and Rs. 80,000. Interest is chargeable @ 6% p.a. on the drawings. What is the amount of interest chargeable from each partner? July 21, 2022
