On 1st April 2022, A, B and C decided to dissolve their firm On the date of dissolution, Sundry debtors appeared in Balance Sheet at Rs. 6,00,000 and Provision for doubtful debt at Rs. 30,000 Debtors to extent of Rs. 60,000 were bad. In journal entry for realisation of debtors.
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Bank A/c will be debited with Rs. 6,00,000
Realisation A/c will be credited with Rs. 5,40,000
Bank A/c will be credited with Rs. 5,40,000
Realisation A/c will be credited with Rs. 5,40,000
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